Mortgage Information
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Many home buyers often overlook this critical step when starting their home search. While it may momentarily delay the excitement of visiting potential candidate homes, speaking with a qualified lender first will not only give you confidence in shopping for and negotiating the price of a home, it will also give you a precise idea of how much home you can comfortably afford.
While you are free to choose any lender you wish, we would like to recommend the following professionals who have demonstrated their expertise in the lending field and who share the same customer-oriented service philosophy that we practice at Daymark Realty.
Preferred Lenders - Conventional Loans
Preferred Lenders - FHA & USDA Loans
Just as you do when shopping for a home, it is important to do your research and shop around to ensure you get the mortgage that best meets your needs. Don't forget to request a printed Good Faith Estimate (GFE) from each lender prior to making your selection. The GFE is a best effort estimate of what your loan rate will be and should provide an itemized listing of associated closing costs. |
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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.