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Mortgage
Calculator
Refinance now to
consolidate debt or get a lower rate. Over the coming months here is what
will happen in the mortgage industry:
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Rates will go up
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Home values will
come down
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Mortgage loans
will be harder to obtain
The increase in
foreclosures has caused a major upheaval in the mortgage industry. The
increase in risk that lenders face due to high foreclosure rates has not yet
been reflected in interest rates. As lenders adjust to the new reality of
high foreclosure rates they will make it harder to get a loan and raise
rates to attract institutional investors back into the mortgage market.
Debt consolidation is the easiest way to lower your total monthly payments.
Use cash out refinance to pay off credit card debt, auto loans and other
debt. Use our mortgage calculator to compare your current total debt
payments to your new, lower mortgage payment once your debts have been
consolidated.
Information and interactive calculators are made
available to you as self-help tools for your independent use and are not
intended to provide investment advice. We cannot and do not guarantee their
applicability or accuracy in regard to your individual circumstances. All
examples are hypothetical and are for illustrative purposes. We encourage
you to seek personalized advice from qualified professionals regarding all
personal finance issues.
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