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Posted: 12/18/2003 10:00:59 AM EDT
I don't know what you call them but you put in your interest, down payment and how much your house costs and it gives you the monthly payment?

I have some cash saved up so I am thinking with enough of a down payment I might be able to buy a little place rent out a couple of the rooms and hopefully not pay that much more than rent??

I hate throwing my money away!
Link Posted: 12/18/2003 10:03:46 AM EDT
Keep in mind that you'll have to be able to buy the place on your own. You won't be able to count the anticipated rent paid to you as income on your mortgage application.
Link Posted: 12/18/2003 10:06:47 AM EDT
Originally Posted By DriftPunch: Keep in mind that you'll have to be able to buy the place on your own. You won't be able to count the anticipated rent paid to you as income on your mortgage application.
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yeah thats a good point, but i was just trying to rationalize buying rather than renting, it seems like in the long run buying is just better.
Link Posted: 12/18/2003 10:07:29 AM EDT
[Last Edit: 12/18/2003 10:09:05 AM EDT by Diss_ipator]
[url=http://www.netmovein.com/home/landscape]Mortgage Tools[/url] the click mortgage tools on the left.
Link Posted: 12/18/2003 10:07:53 AM EDT
[Last Edit: 12/18/2003 10:10:04 AM EDT by StariVojnik]
here's a link... you won't have to enter your personal info by using this tool..... [url]http://realestate.yahoo.com/realestate/calculators/amortization.html[/url]
Link Posted: 12/18/2003 10:09:20 AM EDT
[url]www.bankrate.com[/url] Under calculators
Link Posted: 12/18/2003 10:09:44 AM EDT
I'm a loan officer. Let me know if you have any questions.
Link Posted: 12/18/2003 10:11:06 AM EDT
Well, I do not know of an automated loan calculator, but here at AR15.com, we belive in a more personal approach. there are several mortgage loan officers here that could give you the information you are needing PLUS we may be able to give you a home loan. Let me know what the parameters are and I'll be glad to gin you up some figures.....who knows, they may even be correct figures![:D]
Link Posted: 12/18/2003 10:11:27 AM EDT
www.interest.com They have ALOT of stuff as I bought a condo last month.
Link Posted: 12/18/2003 10:15:07 AM EDT
Be careful about buying being better than renting. In many cases it is, but in many cases it isn't. If you're not going to be in that location at least 5 years, or be able to keep the house as a rental if you move away, it's probably better to rent. Also, nearly everyone buys bigger than they rent. So figure on the cost of new furniture etc. And plan to either have a credit card with a $5k limit or so, or about $5k in savings for those un-planned home repairs.
Link Posted: 12/18/2003 10:17:56 AM EDT
thanks for the offer guys but I am a ways away from buying. I am just seeing if I could pull it at this point. I haven't even been looking for a house yet, I just have a ballpark of what they go for.
Link Posted: 12/18/2003 10:20:47 AM EDT
Originally Posted By wiggy762: Well, I do not know of an automated loan calculator, but here at AR15.com, we belive in a more personal approach. there are several mortgage loan officers here that could give you the information you are needing PLUS we may be able to give you a home loan. Let me know what the parameters are and I'll be glad to gin you up some figures.....who knows, they may even be correct figures![:D]
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[:D] [:D] [:D]
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