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Mortgage Calculator
Calculate your monthly mortgage payment using this simple mortgage calculator.
Rent Vs. Buy
Should you buy or rent? Does buying a house make more financial sense than renting a home. This calculator can help you determine what will work best for you.
How Much Can I Afford?
The cost of owning a home is not just the cost of the home loan itself. If you are thinking about purchasing a home, there are many factors to consider when asking yourself how much you can afford to spend.
The following expenses are factored into the cost of owning a home:
-Your annual income
-The amount you have saved for a downpayment
-Outstanding monthly debt (other than a mortgage payment or rent for your current residence)
-Annual property taxes -Homeowner’s Insurance
-Utilities -Cost of home repairs & maintenance
-Expected interest rate
-Cost of mortgage insurance
As you can see, the amount you can afford to borrow for a home loan is not just the cost of the monthly mortgage payment; it includes many monthly, annual and variable costs that quickly add up. Consult with your loan officer to determine how much you can afford to borrow while still able to afford your other financial obligations and save for your financial future.
Should I Refinance?
How do I refinance my VA loan?
Refinancing your VA loan can be a very simple process. With over eight years experience completing VA refinances, Capital Financial Group is able to close your simple VA streamline loan in 2 – 3 weeks. A VA refinance loan is also called a “streamline” loan. This means that the process is much simplier than when you originally purchased your home. The only items that are required to provide you with a quote are the following:
Current loan amount
Monthly payment
On-time mortgage payments in the past 12 months (or only 1 late payment on your credit).
No Income, no asset, and no credit check are needed.