Decision Tools

Decision ToolsDecision tools: Buying a home

Start with two of my sources.

Home Loans Your Questions AnsweredShop for a MortgageThen explore the following links.

Bankrate

Compare Mortgages
Rent or buy a home: Which is right for you?
How much house can you afford?
How much should you put down?
How much money can I borrow for a mortgage?
Income required for mortgage calculator
How much interest will you pay over the life of the loan?
Mortgage tax deduction calculator
Which rate/points combination is right for you?
Mortgage points calculator
Compare the cost of living in different cities


Freddie Mac

Preparing For Homeownership
Rent vs. Buy
Understand the financial differences between renting and homeownership.

Tax Savings
Learn about the potential tax savings with homeownership.

How Much Can You Afford?
Research how much house works within your budget.

How Much Can You Borrow?
Learn how much money you might be able to borrow.

All About Mortgages

Fixed or Adjustable-Rate?
Understand the financial differences between the fixed- and adjustable-rate mortgage.

Adjustable-Rate Mortgages
Find out how much monthly mortgage payments might be with an adjustable-rate mortgage.

Fixed-Rate Mortgages
Find out how much monthly mortgage payments might be with a fixed-rate mortgage.

15-year or 30-year Term?
Learn how a different term affects your mortgage payment and overall cost of the loan.

Am I Better off Refinancing?
Find out if you’ll benefit from refinancing.

Closing Costs
Estimate what your closing costs might be.

Down Payments
Research how much of a down payment you should consider.

Refinancing Costs
Understand what your refinancing costs might be.

Extra Payments
Learn how advantageous extra monthly mortgage payments might be.

Paying Points
Find out how paying extra points might lower your mortgage rate.

Mortgage Insurance
Understand how to possibly reduce mortgage insurance.