December 29, 2015

Tips, Bits & Lists: Day 11


On the 11th day of tips, bits & lists, we introduce you to 11 online calculators designed to help demystify mortgages.

Fixed-rate or adjustable? Thirty-year or 15-year? Small down payment or large? And what about points, mortgage insurance, and closing costs?

As you can see, when it comes to getting a mortgage, there are LOTS of decisions to make that have big implications for the family finances.

We've collected 11 online calculators we hope will help make those decisions a little easier. Just tap in some numbers and you'll see instantly whether a fixed-rate or an adjustable-rate mortgage is the best fit for much you might save by making extra mortgage payments…and what your closing costs might be. And that's just the beginning.

Thinking about buying a home or refinancing your mortgage? Start calculating today!

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