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For many first-time home buyers, it is often a difficult game in knowing all the financial requirements that go into applying for your first mortgage.
A home loan calculator makes things easier by determining what size of mortgage you qualify for based on roughly 30% of your monthly gross income and your total net surplus income, the size and duration of your monthly repayments and also how your repayment amount and duration can be modified by supplementing your monthly repayments with additional funds.
READ MORE to find out how to use a home loan calculator.
Great post, thanks for sharing. I was wondering how those worked.
ReplyDeleteI've found good information here, really like your blog, Thanks for sharing all this helpful info, I've found this website about mortgage and loan calculator mortgage calculator with taxes and insurance
ReplyDeleteA home loan calculator is definitely a helpful financial tool for homebuyers. Bear in mind, however, that these calculators only provide estimates and not the actual payment costs. It is best to shop around and compare the rates and terms from various lenders to help you get the best financing deal.
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