Mortgage Calculator

62

By Envoy

See all 4 photos

Mortgage calculators are a really great tool to help anyone who has a mortgage or are considering a mortgage loan to decide weather or not they can afford the amount of the real estate they are interested in buying. 

A mortgage calculator is an automated tool that allows users to determine the financial impact of changes in one or more things concerning a mortgage loan. The major variables include the loan principal balance, the periodic interest rate compound interest, the total number of payments you would make per year,the total number of payments as well as the regular payment amounts.

The usefulness of a mortgage calculator is that you can also compare if your rate is higher or lower what your payment may or may not be. Mortgage calculators can also help you figure out if a monthly or by-weekly payment may be ideal for you as a home buyer. Mortgage calculators can also help you to see the difference between a 10 year, 15 year or 30 year loan and the interest difference you would save between them.

Another thing I love about Mortgage Calculators is that they are readily available in the form of widgets you can copy and paste the java script code to provide a mortgage calculator for your web page for your readers to use as they wish. You can even provide the java code so they can use it on their own web page as I have done here with two different mortgage calculators to chose from.

copy-and-paste the code into your pages, between the <body> and the </body> tags.


<div style="border: 1px solid #6AB6DD; width:175px;">
<object width="175" height="210">
<param name="movie" value="http://www.mortgageloan.com/swf/small.swf"></param>
<param name="allowscriptaccess" value="always"></param>
<param name="flashVars" value="style=http://www.mortgageloan.com/swf/styleSmallBlue.swf">
<embed src="http://www.mortgageloan.com/swf/small.swf" type="application/x-shockwave-flash" flashVars="style=http://www.mortgageloan.com/swf/styleSmallBlue.swf" allowscriptaccess="always" width="175" height="210"></embed>
</object>
<p style="background-color:#f7f7f7; border-top:1px solid #6AB6DD; margin:0; padding:2px 10px; font:9px Arial, sans-serif"><a style="text-decoration:none; color:#333;" href="http://www.mortgageloan.com/calculator/">Mortgage Calculator &copy; ML</a></p>
</div>
copy-and-paste the code
copy-and-paste the code
copy-and-paste the code into your pages, between the <body> and the </body> tags.


<!-- MLCALC BEGIN -->
<script type="text/javascript"><!--
mlcalc_default_calculator = 'loan';
mlcalc_currency_code      = 'usd';
mlcalc_amortization       = 'year_nc';
//--></script>
<script type="text/javascript" src="http://www.mlcalc.com/jquery.js"></script><div style="font-weight:normal;font-size:9px;font-family:Tahoma;padding:0;margin:0;border:0;background:transparent;color:#E5E5E5;width:150px;text-align:center;" id="mlcalcWidgetHolder"><script type="text/javascript" src="http://www.mlcalc.com/widget-narrow.js"></script>Powered by <a href="http://www.mlcalc.com/" style="color:#E5E5E5;text-decoration:none">Loan Calculator</a></div>
<!-- MLCALC END -->

Comments

Jack Darrington 11 months ago

Quick question. I've currently got a bridge loan because I'm trying to buy a home before I've actually sold my current one. Is it possible for me to qualify for a mortgage loan at the same time I have this bridge loan?

Envoy profile image

Envoy Hub Author 11 months ago

That depends on where you go, what they require & how good your income/credit is. Most places are able to give you their requirements right up front & some right on their web site so you can decide weather they are worth your time or not. I would definitely ask about ANY application fees etc before I started any process. Banks are the worst to drag it out & not tell you right up front that you never met their requirements in the first place unfortunately their fees still have to be paid. I hope this helps. Good luck & have a great day.

Submit a Comment
Members and Guests

Sign in or sign up and post using a hubpages account.



    • No HTML is allowed in comments, but URLs will be hyperlinked
    • Comments are not for promoting your Hubs or other sites

    Please wait working