Buying a house in Hampshire is an exciting prospect. It is also probably going to be one of the largest purchase you are going to make. A financial commitment this large dictates that you have to go into it with your eyes wide open. Before you make your decisions, it is important to calculate your monthly mortgage payments to get a fair estimate of what your financial commitment involves. You can also see the projected impact of adding extra payments as well. Our handy calculator tool is easy to use and will provide you with quick and easy ways to get the information that you need before you commit to getting a loan.
Although a mortgage calculator is frequently used to give a fair estimate of the payments on a new prospective mortgage, there are several other creative ways to use a mortgage calculator to help you make smart decisions. The calculator can also help you understand how changes to your mortgage can affect your mortgage over time. It is important to note, however, that the values given by a mortgage calculator are only estimates and that speaking with a Remortgage Fast professional is a better way to get personalised information about your particular situation and get access to professional advice from a team with years of experience in the loan sector.
Mortgage Calculators can help you before you apply for your Hampshire home loan
Our mortgage calculator can supply you with information about how much mortgage you can afford. You will need to supply the calculator with some information about your financial situation. Your income details, which includes details about your salary, any bonuses you may receive and your pension. We will also need to know what your monthly expenditure is, including payments on any debts such as your credit card payments or any other personal loans, insurance payments, taxes and any other mortgages. With this information, you can get a rough estimate of how much loan you can afford. Our mortgage calculator can help you get a quick quote.
It is however very important that you get professional advice from the loan experts at Remortgage Fast because all the calculator values are only estimates. Speaking with a professional can give you more accurate advice and quotes that will factor in certain aspects of your financial information that a calculator might not be able to capture. Call us at 02380970979 or fill the contact form below to get a quote or advice directly from Remortgage Fast.
You already know that you need information to help make your decisions easier for you. Our team of loan experts can give you an accurate estimate of what your projected monthly mortgage payment is. They can also provide you with information about the total amount of interest you will end up paying during the life of your mortgage. The values you get are however based on the information you can provide. The down payment, mortgage amount, Mortgage term in years, the interest rates based on the loan available to you and the projected mortgage start date are all very important.
Are there other uses for a mortgage calculator?
If you are planning to buy a home, or already have a home and are trying to see what more you can do, then using a calculator in Hampshire can also provide you with alternative information about what your flexibility options are.
Having plans to pay off a mortgage early might seem like a good idea in theory, however, our calculators can show you for sure how doing this will affect you. It can help you determine how best to shorten the term of your mortgage and show you how to make significant savings when you pay in excess of the set amount towards your loan principal monthly, quarterly or even in a single payment. The “apply extra payments” option will give you this value and also return your new payoff date for your loan.
You might be tempted by the lower initial interest rate of an adjustable rate mortgage (ARM) offer, but you need to understand that it is not always the best option for some potential homeowners. Some borrowers might benefit from an ARM while others come to the realisation that the initial interest rate that is reduced doesn’t cut their monthly payments by a notable amount. You can use our calculator to find out if an ARM is the right option for you when you enter the ARM interest rate into the calculator and compare this to the values you get from the conventional rate at the same mortgage term. You can also speak with a professional at Remortgage Fast to get accurate information about how much an ARM will benefit you.
If you did not initially put up to 20% down payment on your home, then you probably had to pay for private mortgage insurance. As soon as you have 20% equity in your home, it is time to request for your lender to waive private mortgage insurance. A calculator can help you find out when you will get to the 20% equity that gives you a chance to get rid of private mortgage insurance. All you need is your original mortgage amount and your date of closing.
The best calculator in Hampshire is Remortgage Fast
While our calculators can provide you with estimates, your best source of information for making your decisions is a Remortgage Fast home loan professional. Nothing beats advice from a professional because when you speak with a Remortgage Fast professional, you will be getting advice and figures based on any special financial circumstances that you might find yourself in. You will also be taking advantage of years of experience in the home loan sector as well as information based on actual facts and figures from banks and other lending institutions. If you want to get your dream home in any of the following locations – Southampton, Portsmouth, Basingstoke, Gosport, Andover, Waterlooville, Aldershot, Farnborough, Fareham/Portchester, Eastleigh, Havant, Winchester, Fleet, and Petersfield, then what you need is Remortgage Fast. Call us at 02380970979 or fill the contact form for a quick quote or professional advice.