Mortgage and Refinancing Tips
Owning a home is a common goal for many Americans. But anyone who has purchased a house knows that mortgages can be complex and confusing. Below are a few Web sites that can help you understand these important issues. The sites all offer free advice, tips and calculators.
www.decisionaide.com DecisionAide Analytics allows you to compare various loan features with numerous calculators. With over 50 calculators, you have plenty of options to choose from, along with a Calculator Assistant to direct you to the calculator you need. The mortgage calculators address debt consolidation, how helpful it is to make additional principal payments, refinancing various mortgages, mortgage insurance, affordability, renting versus buying, payment amount, amortization, interest rates, points and fees and more.
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www.freddiemac.com Freddie Macs free Web site has several educational sections, including All About Mortgages, which introduces basic concepts about mortgages and helps you to select the proper mortgage for your situation. You will also find advice on avoiding predatory lenders, tips for applying for a mortgage and many tools and calculators.
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