Salt Lake City, UT (PRWEB) January 15, 2007
With negative home sales in the first part of 2007 expected to fuel the current buyer's market, buyers can benefit from two new LoanPage.com (http://www.loanpage.com) resources. LoanPage.com's closing costs calculator helps break down closing costs into lenders' fees, document preparation fees, and other components that make up closing costs. Articles such as "Closing Costs 101: What You'll Pay for and Why" and other helpful mortgage tools can be found on LoanPage.com, a complete source of mortgage loan tools and lenders (http://www.LoanPage.com).
Lawrence Yun, a senior forecast economist writing for Realtor.org, predicts that home sales will continue to be negative the first half of 2007 -- a definite advantage to prospective buyers. Yun adds, "By the late spring of 2007, the media will likely begin reporting positive 'uplifting' trends. Statistical momentum says that will inevitably happen. Many potential buyers at that point will regain the confidence to enter the market. Some smarter buyers will see the herd of impending buyers over the horizon and will want to get a jump start."
Francine L. Huff, author of "The 25-Day Money Makeover for Women," emphasizes how important a good calculator can be, "Potential homeowners at the beginning of their house hunt can make a better estimate of how much house they can afford by using mortgage calculators before choosing a loan officer. Being equipped with this knowledge can help people make a better decision when choosing a mortgage product."
In addition to estimating closing costs using calculators, new homebuyers researching closing costs should also read up on costs and fees associated with purchasing a home. "Closing Costs 101: What You'll Pay for and Why," on LoanPage.com is one such online resource (http://loanpage.com/articles-and-advice/new-home-loan/closing-costs-101-what-youll-pay-for-and-why.aspx).
Along with the closing costs calculator, LoanPage.com (http://www.LoanPage.com) offers calculators for:
- Mortgage refinancing
- Mortgage payment
- Interest-only loans
LoanPage.com is a complete source of mortgage loan tools and resources, including calculators and a mortgage glossary. Visitors can find answers to the most common loan questions, download a loan application, or find lenders in their area.