Whether Refinancing or Purchasing a Home, we will take the time to understand your specific situation and be by your side during every step of the home loan process. My name is Nathan Soliday and I want to thank you for taking the time to visit my website. I guarantee you'll find plenty of helpful information to assist you in purchasing your new home or refinancing your current Southern Indiana home loan.
I am a Southern Indiana mortgage consultant, serving all of Southern Indiana, and the surrounding communities. Purchasing a home is most likely the largest financial transaction of your life. Unfortunately, most people enter into this transaction blindly and make mistakes that may cost them tens of thousands of dollars over the lifetime of their loan.
Although sharing these secrets may not make me popular with the other Indiana mortgage lenders, I am more concerned that you have all the information you need to make an informed decision when shopping for a mortgage. So, I have created a free guide that contains extremely valuable information designed to help you avoid costly mistakes when navigating the mortgage loan process.
I am a Southern Indiana mortgage consultant, serving all of Southern Indiana, and the surrounding communities. Purchasing a home is most likely the largest financial transaction of your life. Unfortunately, most people enter into this transaction blindly and make mistakes that may cost them tens of thousands of dollars over the lifetime of their loan.
Although sharing these secrets may not make me popular with the other Indiana mortgage lenders, I am more concerned that you have all the information you need to make an informed decision when shopping for a mortgage. So, I have created a free guide that contains extremely valuable information designed to help you avoid costly mistakes when navigating the mortgage loan process.
Services
I recently purchased a house through Success Mortgage and I couldn't be more happy with the service I received from Nathan and his staff!
Everything went very smoothly and very quickly and Nathan was always available to help with any questions or concearns that I had.
I would highly recommend them to anyone looking to buy a house!
Nathan was awesome to work with.
Our loan was very fast and we were very pleased with his service.
Our loan closed right at 30 days and would have been faster except issues on the sellers part, overall we are very pleased and would recommend using him to anyone.
Everything went very smoothly and very quickly and Nathan was always available to help with any questions or concearns that I had.
I would highly recommend them to anyone looking to buy a house!
Nathan was awesome to work with.
Our loan was very fast and we were very pleased with his service.
Our loan closed right at 30 days and would have been faster except issues on the sellers part, overall we are very pleased and would recommend using him to anyone.
How much you can borrow from a lender?
Use this calculator to calculate the amount you can afford from the lender's point of view.
Before you start looking for a new home, you need to have an idea of how much you can afford to pay for a home.
To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making.
In addition, you will need to consider how much money you can put in down payment, the loan interest rate, and the length of the loan.
Use this calculator to calculate the amount you can afford from the lender's point of view.
Before you start looking for a new home, you need to have an idea of how much you can afford to pay for a home.
To find this out, you will need to take a closer look at your total monthly household income as well as the debts and regular monthly payments you are already making.
In addition, you will need to consider how much money you can put in down payment, the loan interest rate, and the length of the loan.
Calculate your monthly payment with applicable financial charges, PMI, hazard insurance, and property taxes.
As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan.
Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment.
Even the value of your home will affect your payment.
Since your loan to value ratio is 83.33%, you will also have to pay PMI for 31 months and this will tack on an extra $177.08 a month.
As you can see, your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan.
Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment.
Even the value of your home will affect your payment.
Since your loan to value ratio is 83.33%, you will also have to pay PMI for 31 months and this will tack on an extra $177.08 a month.
Is it financially better to buy a home or to rent?
The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home.
If you were to pay $800.00 per month, for example, and the average rental payment increase was 4.000%, you would pay $51,996.70 in a 5 year period toward rent.
When you consider your tax benefits and the appreciation of your home, however, you will actually SAVE money by purchasing a home.
The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home.
If you were to pay $800.00 per month, for example, and the average rental payment increase was 4.000%, you would pay $51,996.70 in a 5 year period toward rent.
When you consider your tax benefits and the appreciation of your home, however, you will actually SAVE money by purchasing a home.
Deciding whether or not you should refinance your home mortgage depends upon several factors.
It also depends upon whether you are looking to simply reduce your monthly payment or if you are hoping to save money in the long run.
Summing up these numbers, we can figure out your total refinancing LOSSES, which will be $174.68.
Disclaimers: The information provided by these calculators is for illustrative purposes only.
There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation.
It also depends upon whether you are looking to simply reduce your monthly payment or if you are hoping to save money in the long run.
Summing up these numbers, we can figure out your total refinancing LOSSES, which will be $174.68.
Disclaimers: The information provided by these calculators is for illustrative purposes only.
There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation.
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