Mortgage Information
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If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price. I would be happy to refer you to some very good mortgage contacts I have in Bedford and surrounding areas, or to help you in any other way I can to secure the best possible rate for your home purchase. If you would like some help getting started in your pre-approval process, I enjoy working with the following:
Janie Miles 540-293-4285 cell 540-986-0282 fax
Blue Ridge Mortgage 540-586-1973 office 540-586-9052 fax
Lisa McKinney 540-875-8791 cell
Sandy Wood 540-875-8792 cell
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Use the mortgage calculators below to assist you in making some decisions around financing your new home.
Mortgage Qualification Calculator
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.
Mortgage Payment Calculator & Amortization Table
This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.