Before you go to a lender, try your hand at creating your own online mortgage loan. It will give you a good idea about the best terms and rates, and the payments you can afford.

By enterng information into a mortgage calculator, you can get the details you need. You can use this online mortgage loan information when you negotiate with a lender or mortgage broker.

Mortgage calculators are easy to find on the Internet. They also are easy and fun to use. But don't take these calculators as final word - mortgage calculators are simply here to advise you on your next steps in the refinancing process.

Let's say you don't know whether to get a home equity loan, which is a lump sum of money, or an home equity line, which is a line of credit. Some online mortgage calcultors can help you answer that question before you ever sit down with a mortgage broker or lender.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Mortgages Tip Site? Request a Tip Now!

Guru Spotlight

Lynne Christen

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!