Mortgage Information
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If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. Beth Hunt is our in-house mortgage advisor for Coldwell Banker Home Loans. In addition to her extensive knowledge of the mortgage industry, she has prior experience in other facets of the real estate transaction including Realtor and Burnet Title Account Executive. Her greatest strength is recognizing the best loan program for the unique needs of her clients. You can count on "getting the best with Beth." For more information, contact her directly at 847-454-5297. We're happy to help you in any way we can to secure the best possible rate for your home purchase. |
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The following articles provide useful information and are a great place to start if you're considering getting a mortgage.
What is a Mortgage? 10 Finance Mistakes Not to Make
Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Qualification Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.
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 over the term of the mortgage.