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When you refinance, you take out a new mortgage with
a lower rate or more favorable terms, and use it
to pay off your old loan. As a result, refinancing
could save
you a substantial amount of money over the course
of the loan. Traditionally, mortgage refinancing
was valuable only if you could lower your interest
rate by 2%. Today, that
isn't the case. You need to consider more than just
an interest rate.
- Online Application
At Freedmont Mortgage , our loan specialists are trained to
listen to your needs and carefully assess your financial situation.
Only then will we recommend a customized solution that makes sense
for you.
- Mortgage Payment Calculator
Calculate monthly mortgage payment amount. Estimate
taxes and insurance so that these amounts
will be included in the payment calculation.
- Amortization Schedule and Calculator
Input different interest rates, loan amounts,
and mortgage lengths so you can estimate your monthly
payments. Plus,
you can also see an amortization schedule of
a
loan which will show you how much of your
payment goes
towards principal
and how much towards interest.
- How much
can I save by consolidating my debt?
Use this calculator to see how much you can
save by consolidating all your debt obligations
into one mortgage.
- How
much do I need for a downpayment?
Based on a specified home price, estimated
interest rates and closing costs, determine you
estimated downpayment, monthly principle, interest
and tax payments.
- Debt Analyzer
Find out how to determine whether it's time for you to refinance
and learn more about the benefits of mortgage refinancing.
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