Use a Mortgage Calculator Before you Plan the Purchase of your Dream House Nov 9, 2018 | Home Loan It is always better to pre-plan your investments than to cancel them later. While making an investment as big and significant as your own house, you must be certain of the expenses that you would be incurring. Even before you step out to look at the property you wish to purchase, you must use a mortgage calculator to ease your finance-related concerns. Maintaining the budget for your finances, establishing its affordability, and calculating the interest to be paid are undoubtedly the most important aspects of borrowing a home loan. To keep away from overextending your mortgage, it is advised that you make the necessary calculation using the Mortgage Calculator. You can easily calculate the mortgage online on Your Finance Adviser. Online mortgage calculators are tools that help you estimate the amount of your mortgage depending on a number of variables, including the time that you will need to repay the loan, the rate of interest, and the frequency with which you will repay the interest. To make your calculation simpler and easier, Your Finance Adviser has multiple calculators basis your needs. * Borrowing Power Calculator helps you understand how much loan amount you would be able to borrow basis your income, expenses, and the interest rate. * Lump Sum Payment Calculator allows you to determine how much amount would you be save in the long run. These repayments allow you to save on interest and take months off on your home loan. * Budget Planner makes it possible for you to find out how much amount would you be able to put away regularly to meet your goals sooner. * How long to Repay Calculator will tell you how long will it take for you to repay the loan. This would give you an accurate mortgage on your budget and let you plan your expenses accordingly. * Property Selling Cost Calculator helps you estimate your total property selling cost, giving you the final amount available for your sale. * Saving Calculator helps you evaluate your short, medium and long-term goals. The saving calculator will tell you how much you need to save for a secure future. * Stamp Duty Calculator assists you in figuring out the amount you would need to pay for the property you want to purchase. * Reverse Mortgage Calculator gives you an estimate of how much amount would you be able to obtain through a reverse mortgage. However, only senior citizens are eligible for this type of loan. * Home Loan Offset Calculator will help you determine your monthly payments by showing how your loan payments will look like after taking benefits of an offset account. * Comparison Rate Calculator will tell you which type of home loan will work the best for you. This will help you determine the costs of different mortgage benefits. * Loan Repayment Calculator will evaluate your loan repayments for you. You only need to specify your expected loan amount, interest rate, home loan term, payment frequency, etc. * Extra Repayment Calculator will help you save your time and money by paying off the loan by making extra mortgage repayments. * Loan Comparison Calculator will specify how much your home loan repayments will cost. This will give you a fair structure of the interest on your home loan. * Split Loan Calculator will give you various options for splitting your home loan, providing you with flexibility and security when you repay the mortgage. * Term Deposit Calculator will help you ascertain how much you are required to deposit so match your earning goals. * Credit Card Calculator will show you the time it will take for you to repay your current credit debt basis your monthly repayments. * Income Tax Calculator will give an estimate of the tax that you would pay on your income. This would tell you how much tax you would get back on your tax return. * Leasing Calculator will give you an idea of the monthly payments and the total cost based on the amount that you would finance the interest rate and the lease term. * Honeymoon Loan Calculator will give you a fixed discount or a discounted fixed rate. These interest rates give you the lowest interest rates. Using the wide range of Mortgage Loan calculators will help you plan your investment in a better and secured way. Using the online calculators from Your Finance Adviser will make the process much easier for you. For personalized advice with regard to your home loan, you may contact the Lending specialists from Your Finance Adviser. Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.