Think about refinancing if your interest rate is higher than the current rates. Sometimes a local lender will charge more than an online lender, but they might sell your mortgage. This results in higher rates with little benefit.

Get multiple quotes to understand the different rates available. Depending on your goals, a 15 year loan might be a better option than a 30 year. A higher down payment will result in a lower monthly payment. Consider all your costs when purchasing a home, such as property taxes, home maintenance, mortgage points or PMI, and insurance.

This calculator can be used to calculate a loan for anything, such as a car, business, home, RV, motor home, manufactured home, real estate, land, education, etc.