The application is a power mortgage calculator complete with amortization
table, so the user knows their potential payment and how much principle and
interest they are paying at any point during the term of the loan. The user
can include their real estate taxes, home owner's insurance, MIP/PMI, and
condo fees to make sure they are getting their complete payment break down.
Secondly, the FreeMortgageBuddy offers a Home Purchase Qualification
Calculator. This portion will allow the user to input the property's
purchase price, loan terms, annual income, and other monthly debt
obligations to determine their debt to income ratio. FreeMortgageBuddy will
then provide its opinion of whether an approval will be possible and whether
a FHA or conventional loan best suits the users specific entered data. The
user will have the opportunity to email or call John Saari, the owner of the
FreeMortgageBuddy app and national mortgage consultant with Home Savings of
America. He is approved to lend in 50 states and would be happy to answer
your mortgage related questions.
Content rating: Everyone