Erik Bernhardsson

A better home affordability calculator – how much can you afford?

Tell us a little about your finances and the type of property you’re looking to buy. We’ll help you understand how much house you may be able to afford. Get pre-approved in 3 minutes The next step is to get a Better basic pre-approval letter. It takes just 3 minutes online and won’...

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Erik Bernhardsson

Mortgage refinance calculator: How much could you save by refinancing?

Use this calculator find out how much you could save by refinancing your mortgage. If you’re considering a home refinance, you probably have one big question on your mind — how much would you save? Refinancing can save you money over the life of your mortgage by allowing you to lock a lower interest rate...

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Erik Bernhardsson & Kristen Connor

Intro to mortgage amortization – with interactive calculator

In this post, we’ll explain what “amortization” means and provide an interactive calculator to show the amortization schedule for any fixed-rate mortgage. The term “amortization” refers to the process by which a loan’s balance is paid down over time. In the case of a mortgage, there is one payment for each month of...

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Erik Bernhardsson & Kristen Connor

Why a no-cost mortgage has historically been the best choice for most borrowers: try our interactive tool

If you refinance or sell your home in the average timeframe, taking lender credits to offset your closing costs (a.k.a., a no-cost mortgage) will save you money in comparison to paying points. “Taking credits” refers to the practice of accepting a higher interest rate (and therefore higher monthly payments) in exchange for cash...

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