Toronto (PRWEB) September 19, 2012
Art Branch, Inc., the parent company of MortgageDictionary.net, today announces the release of a mortgage calculator (http://www.mortgagedictionary.net/mortgage-calculator.php), intended for people who want to calculate their mortgage payments.
Developed by the web marketing team at Art Branch Inc., the new calculator helps homebuyers to determine their mortgage payments and make sure that they are affordable. Buying a house is the biggest purchase for most people, and finding the best mortgage deal should be a priority for every homebuyer. To this, mortgage calculators allow buyers to compare offers, determine their repayment budget, and find out what they can realistically afford.
“Uncontrolled mortgage debt almost took down the U.S. economy because everybody was counting on endless real estate appreciation. A simple tool like our mortgage calculator can help consumers to estimate their future mortgage payments and decide whether they can afford the property they want to buy,” said John Williams, a marketing consultant at Art Branch, Inc.
Visitors can calculate their monthly mortgage payments by entering the required information, including the price of the property, down payment, annual interest rate, and mortgage term.
Using a tool like the MortgageDictionary.net calculator is a wise decision. Many people make emotional mistakes when buying a house, and they end up overpaying for emotionally driven purchases. This is because they want to find the best property they can afford. Some homebuyers get outbid, get desperate, and are ready to buy the first house that looks like a good deal. They rush to make an offer and overextend themselves financially. Pressured by real estate agents and sellers, homebuyers overlook important details such as the interest rate, mortgage term, and monthly payment. Getting the right mortgage requires good preparation. This is important because financial institutions often offer the same type of mortgage to everyone. Borrowers end up paying a loan that is inappropriate for their financial situation. The good news is that mortgage calculators help consumers to make wise financial decisions, determine a reasonable price range and affordable monthly payments, and thus avoid financial disaster.
About MortgageDictionary.net: MortgageDictionary.net is an informational resource created by Art Branch, Inc. and focused on increasing knowledge about anything related to mortgages and house buying.
About Art Branch: Art Branch, Inc., located in Toronto, Ontario, is the parent company of MortgageDictionary.net and has produced many consumer oriented websites targeting worldwide audience. The goal of Art Branch is to provide visitors to company sites with free, practical guides, helping consumers to make educated choices.