For Buyers: Mortgage Calculators & Information

If you are going to require a mortgage to buy your Active Adult Community home, you will have three basic alternatives:

  • Your developer/builder will offer to arrange a mortgage and will offer incentives to you to accept their preferred lender.

  • Your Realtor® (including me) will offer to arrange a mortgage through a preferred lender and represent certain advantages (better and faster service and attractive interest rates).

  • You can arrange your own mortgage.

In each case, I will assist you in analyzing and understanding the pros and cons of each alternative.

The following links provide extensive information and aids for understanding home mortgages:

Basic Information – These pages, from Freddie Mac, provide the essentials for understanding your mortgage alternatives.

Mortgage Calculators – These Freddie Mac mortgage calculators will help you determine how much you can afford.

Mortgage Pre-Approval – Explains why loan pre-approval is very important to your negotiating position.

More Resources – More mortgage calculators and information from Freddie Mac.

If you have any questions about mortgages or pre-approval, contact me via the email or telephone numbers below.