Are Online Mortgage Calculators Accurate?

Are online mortgage calculators accurate?

Consider this first: interest rates are incredibly personalized.
One size does not fit all. Your rate is actually based on:

Your debt-to-income ratio:
Ranges from 0% if you’re debt-free to 50% or more.

Your credit score:
Ranges from 300 to 850.

Your employment type and income:
Salary, self-employed, hourly, bonus-based pay

Your loan size, type, and length.

Your loan co-borrowers, if any.

The only way to truly know your options is to chat with a mortgage lender. They’ll ask detailed questions, outline your options, and help you determine your real buying power.

Need local lender recommendations? We are always happy to help!

207.805.3716