My name is Kevin Wildman 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 Grand Rapids home loan. I am a Grand Rapids mortgage consultant, serving all of Grand Rapids, and the surrounding communities.
If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking for Grand Rapids home loans, you will find that this site is a complete resource full of insider secrets that will allow you to choose the Grand Rapids mortgage program best suited to your financial needs.
I make it fast and easy for all kinds of people-including first-time homebuyers, small business owners, and homebuyers with perfect or less-than-perfect credit to get the Grand Rapids home loan you need for the home you want.
If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking for Grand Rapids home loans, you will find that this site is a complete resource full of insider secrets that will allow you to choose the Grand Rapids mortgage program best suited to your financial needs.
I make it fast and easy for all kinds of people-including first-time homebuyers, small business owners, and homebuyers with perfect or less-than-perfect credit to get the Grand Rapids home loan you need for the home you want.
Services
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.
This calculator will compute your Total Monthly Mortgage Payment.
Your monthly payment will include principal and interest and an escrow account for property taxes and homeowners insurance.
This is also known as PITI.
These figures will be based on the term of your loan (amortization) and the amount of money you use for a down payment which is known as the loan to value (LTV).
This calculator will compute your Monthly Payment, the Total Interest you will pay over the term of the loan plus the total amount you will actually pay for borrowing the money.
Your monthly payment will include principal and interest and an escrow account for property taxes and homeowners insurance.
This is also known as PITI.
These figures will be based on the term of your loan (amortization) and the amount of money you use for a down payment which is known as the loan to value (LTV).
This calculator will compute your Monthly Payment, the Total Interest you will pay over the term of the loan plus the total amount you will actually pay for borrowing the money.
Reviews
Be the first to review Lake State Mortgage.
Write a Review
