Mortgage Loan Calculators And Guide Available On LoanLove.com

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LoanLove.com recently released a new handy guide to loan calculators along with a number of helpful calculator tools which can be used freely.

LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. A recently posted guide continues to offer information that can help borrowers, with a helpful guide to mortgage loan calculators, complete with links to a number of the loan calculators discussed in the guide.

The new guide says, “Ah, the loan calculator: A consumer’s best friend, at least if that consumer is looking to buy or refinance a home. Easy to use and faithful to the end, a loan calculator is all about YOU and your unique needs. OK, OK, so getting that excited by a mortgage calculator may seem like an excursion deep into Nerdville, but listen up: Loan calculators really are incredibly useful and they can help you “try on” different loan situations so you can get a real idea of what your best options are likely to be, based on your budget and income.”

Loan Love then provides borrowers with a list of free loan calculators which lenders can use on LoanLove.com. These calculators include:

  •     Mortgage Payment
  •     Amortization Calculator
  •     New House
  •     Refinance
  •     Simple Savings
  •     CD
  •     Simple Loan
  •     Investment Calculator
  •     Credit Card Payoff
  •     Minimum Payment
  •     Auto Loan
  •     Annuity Calculator

The article explains that each of these calculators is incredibly easy to use, with only minimal data needed to get an accurate assessment of the loan situation. Usually the only information needed is the loan amount, the interest rate and the loan term. Other information, such as if the borrower has a rough idea of how much property taxes they are likely to pay, this can also give a clearer picture of the actual expense of owning a home.

The article ends by saying, “Of course, calculators can only tell you so much; while they’re great for giving you a rough idea of specific scenarios, they’re certainly no substitute for a real, live person (sorry, Siri®!). To get a more accurate picture of all your options, you need to speak with an experienced mortgage professional who can perform a more detailed review of your circumstances and make sure you get the best deal possible."

For more information on these loan calculators, click here to visit LoanLove.com.

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Kevin Blue
Loan Love
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