It's A Great Time to Buy!

The calculators below will help you determine loan amounts, mortgage qualification,

affordability and determine how much you want to invest.

Now is an ideal time to "buy up" to a more expensive property....

With the cost of monthly rent increasing, it maybe a wiser investment to purchase....

Real Estate has proved over time to be a fantastic investment.

Increased inventory makes for increased options. You don't just have one property to choose from when making your property selection, you actually can look for the property that most suits your needs, goals and dreams.

Looking for investment property? Here is an opportunity to make that "Cap rate" work for you.

Avoid future "coulda, woulda, shoulda's " Do it now... Rates are good, Cash is fast and Options are plentiful.

Unfamiliar with the offer process... Click here.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Or... If you would like a list of Mortgage Brokers or Bankers in the area, feel free to let me know, would be happy to provide you with names and numbers.

Aimee@Molalla.net

503-829-8328

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$ Required
Monthly Debt:	$ Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage
Qualification
Affordability
Rent vs Buy

Your Monthly Payments

Loan Amount:
Loan Insurance ( %):
Total Loan(Mortgage) Amount:

Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:

Income Needed to Qualify for the Mortgage

Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:

What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:

Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)

Monthly Rent:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid

Updated information about Home loans

First-time homebuyers looking to buy through the government’s Federal Housing Administration loan program need a credit score of at least 600. Most loans require a minimum of 3.5% - 10% of the purchase price as the initial investment. For a conventional loan, lenders often want a credit score of at least 680. In a nutshell… The greater the percentage of the house that must be paid for with the loan, the higher the credit score needs to be. A 20% down payment is preferred, though 10% down payments are still available. If a credit score isn’t "good enough", lenders may look for “compensating factors.” That includes having the buyer to come up with a large down payment and show a long and steady work history. The good news is there are easy and relatively quick credit fixes that can put buyers in a better position. For instance, lenders don’t like to see customers who regularly go over 50% of their available credit on items like credit cards. Paying down to below 50%–and especially 30% — could cause their credit score to “skyrocket.” However, paying off accounts and closing them is not a good idea because it can cause scores to drop dramatically. It is recommended that potential buyers meet with a reputable lender long before they make the decision to buy to come up with a game plan as the industry and market conditions continue to change.

It's A Great Time to Buy!

Updated information about Home loans