Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >

"Marybeth obviously loves her line of work"
J. Rawyer Orlando, FL
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Marybeth Brooks is one of The Top Selling Real Estate Experts™
Find Out More >

See the nation's top rated reports for Schools in Naples, Bonita Springs and Estero >

Welcome > Resources > Mortgage Calculators > Buying Points ...

The Best Mortgage Calculators On the Web!

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it!

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more.

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you...

Will Buying Points Save You Money?

Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. But each "point" will cost you 1% of your mortgage balance. This calculator helps you determine if you should pay for points, or use the money to increase your down payment. Click on the "View Report" button to review your information.

This Financial Calculator requires a Browser with Java Support

Definitions

Term: Number of years for this mortgage. Most common terms are 15 years and 30 years.
Mortgage amount: Total balance for your mortgage.
Interest rate: Annual interest rate for this mortgage without purchasing any discount points.
Years in home: The number of years you expect to live in this home or the number of years before you refinance your mortgage.
Principal and interest: Monthly principal and interest (PI) for this mortgage.
Points rate: Annual interest rate for this mortgage with discount points.
Points: The number of discount points you need to receive the lower rate. Each point costs 1% of your mortgage amount.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

School Reports in Naples, Bonita Springs and Estero, Florida

"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

Florida Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Naples, Bonita Springs and Estero

Financing Your Home >Lenders Want to Say Yes

If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.

A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.

There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What was considered the world's tallest building one hundred years ago?
A	The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.
See More Real Estate Trivia >

Marybeth Brooks, REALTOR®, real estate agent and broker for Naples, Bonita Springs and Estero, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Marybeth Brooks
Downing Frye Realty
3411 Tamiami Trail N
Naples, FL 34103
239-272-6867
Fax: 239-596-6917
mbbrks@comcast.net
Marybeth's business philosophy is simple, she maintains a fiduciary obligation to protect the best interests of her clients throughout their real estate transaction. She also maintains a personalized real estate practice. It is based on a One on One relationship building. When clients choose to work with Marybeth, they work with her personally. She knows the market, current inventory and unique situations surrounding each home on the market. This benefits both sellers and buyers. Her participation with her clients does not end with the completion of a sale. She is available for ongoing consultation, market evaluation, vendor referral and recommendation. Satisfied clients are the foundation of her success.

www.InvestingInNaples.com is brought to you by Marybeth Brooks
NUMBER1EXPERT™ in real estate for Naples, Bonita Springs and Estero, Florida

Read Marybeth Brooks' Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge