This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
New homes come on the market daily. As your representative, Waterfront Elite will be in regular contact with sellers and other real estate agents to ensure you see all the newest listings right away, whether or not they are made public. Often, our clients can put in offers with little or no competition and walk away with an impressive deal on the property of their choice. Your agent will also make sure you only see the properties that meet your needs and investment preferences, so that you do not spend time on listings that do not suit your interests. As you compare the best prospects, we will provide you with important information about the home, neighborhood, schools, zoning issues, utilities, and nearby plans for development.
If you plan on purchasing a home and know you will need financing, a letter of preapproval is almost a prerequisite before you begin viewing homes. The amount you think can afford and the amount you are
approved for may not be the same. That is why we suggest speaking with a lender before you begin viewing homes that you intend on getting a mortgage for. Illustrated Properties is affiliated with Wells Fargo Home Mortgage with a full time representative in our office. Our representative is here to answer your home financing questions and walk you through the lending process. If you need a letter of preapproval or have any home financing questions, please contact our Home Financing Specialist.
Consumer Protection tips from the National Association of Realtors®
For any questions related to the buying process, or for information on homes in the Jupiter and Palm Beach County areas, don't hesitate to contact the Waterfront Elite Team (561) 262-6726.
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