Our insurance and mortgage services does more than offer new mortgages, we also educate. An important aspect of buying or refinancing a home is knowing how much you can safely afford to borrow.
Just as we partner with insurance carriers to make sure our clients get the best possible insurance deals, we have a comprehensive list of mortgage partners waiting to help Illinois clients buy their dream home.
Part of living that dream is making sure you can afford it. And that’s where the power of the loan/mortgage calculator comes in. Our simple calculator allows you to plug in numbers — such as the amount you wish to borrow, the current interest rate, and the length of the loan — in order to determine how much you can expect to pay toward your new home each month.
Of course, you can work backwards. Simply figure out how much you are comfortable paying and work with the calculator until your estimated monthly payment equals your comfort level. It is a great educational tool and one way to take control of how much you plan to spend.
Before you go out and get excited about a property, understand your budget. If you have any questions about mortgages, call us at Insurance & Mortgage Services.