Mortgage Calculator

Mortgages Explained

Basically, a mortgage is just a loan that is to be used to finance the purchase of property. The property itself is used as security to ensure repayment and the lender holds the title or deed to the property either directly or indirectly (depending on your jurisdiction and type of lender) until you have repaid the entire amount plus interest.

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Types of Mortgages

Fixed-Rate Mortgages, Adjustable-Rate Mortgages, 2-Step Mortgages, Conforming & Non-Conforming Mortgages, Balloon Mortgages, (FHA) Federal Housing Administration Mortgages, (VA) U.S. Department of Veteran Affairs and Fannie Mae and Freddie Mac.  Learn a little about the best available option for you.

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Mortgage Worksheet

We have provided the following mortgage worksheet to help you compare different mortgage products. It is meant to be downloaded and printed as many times as needed.  Right click the the Web Browser Window and then click on the "Print" button. Repeat this File/Print procedure to obtain as many copies of the worksheet as needed.

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