Mortgage Information

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.

We would be happy to refer you to some very good mortgage contacts we have in Virginia Beach, or to help you in any other way we can to secure the best possible rate for your home purchase.

 

MAKING HOME AFFORDABLE PROGRAM: 

 

For Information on this program go to www.MakingHomeAffordable.gov

 

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.

 

PREFERRED LENDERS:

 

Please notice that we have added a PREFERRED LENDER page (click on the button on the menu to the right).   These very experienced professionals have worked very successfully with our clients and customers providing them the Red Carpet treatment we would expect.  We trust them to give you the very best service when working with you in this very important investment and we encourage you to talk with one of them even if you already have a lender, just to give you something to compare with and get another opinion.  They can talk with you over the phone or correspond with you via E-mail until you are ready to make a final decision.  We want to help you save money whenever possible and they can sometimes give you options that you may not know about.