Mortgage Information
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If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. The Lawrence Mitchell Team recommends the First Alliance Home Mortgage Company and their Senior Loan Officer, Bill Maier. We tell our clients about Bill and FAHM because they are extremely competitive, totally professional and they get the deals done. Bill's contact info is below. To visit the FAHM website, just click on the logo. To download their Mortgage Pre-Approval form, click here.
Bill Maier
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Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Qualification Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.