Mortgage Information
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If you're like most folks, buying a home will be the most expensive purchase you'll ever make, and you'll probably need to borrow money to do it. There are many lenders and mortgage brokers that offer a variety of mortgage products for home buyers with a wide range of financing options and interest rates , so it's important that you choose a mortgage broker, loan officer, or mortgage planner that you trust and will ensure you get the mortgage that best meets your needs at the best price. We recommend you consult with Scott Cox at Nations Home Funding, Inc.: (919) 877-0022 extension 11 to begin the home buying process. We would also be happy to refer you to some other very good mortgage contacts here in the Triangle, or to help you in any other way we can to obtain the best possible financing for your home purchase. |
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We hope you'll find the mortgage calculators below of assistance in making some of the financing decisions regarding home purchase.
Mortgage Qualification Calculator
This calculator will help you determine how much money you may qualify to borrow - keep in mind the results are informal. Your lender will ultimately determine how much money you can borrow by considering your credit score, your existing debt load, the amount you have available for a down payment, your income, and other factors.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be during the term of the mortgage.
Find out how much home you can qualify for by completing a short form on Nations Home Funding. Inc.'s website.
Additional Mortgage Information:
The Loan Process - Your guide to financing your home, including the steps you'll need to take from Application to Closing.
Why should I use a Broker? - Outlines the difference between a bank and a mortgage broker.
Doctors, Lawyers, and CPA's - New program exclusively available for doctors, attorneys, and accountants enables you to get home mortgage financing up to $500,000 with NO DOWN PAYMENT and NO MORTGAGE INSURANCE.
Most mortgage companies use the same underwriting guidelines for lending to self-employed home buyers. The link above will take you to these guidelines and provides a good source of answers to questions frequently asked by home buyers who are self-employed.
Retire Debt Free! - Your mortgage planner can help you restructure your mortgage to do just that.