What will my monthly payment be?

Fill in the total loan amount, down payment, interest rate and number of years, then click "Calculate".

Payments are estimated, and should be verified with your lender. Your actual monthly payment will include additional items including but not limited to insurance and taxes.

Mortgage Information

When a Buyer makes an offer on a home in Vero Beach, especially when it is less than the Seller's asking price, it is important to have a mortgage approval attached to let the Seller know your offer is serious.    Having a conversation with a lender about terms and credit in a general way is NOT a pre-approval. 

A lending approval can be very easy to obtain and can be accomplished over the phone, however the lender must have your authorization to check your credit and verify your income, assets and debt to be able to provide you with an official loan approval, subject to their underwriters satisfactory verification of your information, and an acceptable appraisal, survey, elevation certificate and proof of insurance.

Although you can chose any lender you like, it is important that you only allow ONE LENDER to actually check your credit.  Each time a lender checks your credit score it lowers your score, and can cause you to pay a higher interest rate or be denied credit. 

Internet web sites who guarantee you the lowest rate are often sending your application to many lenders, each of which are pulling your credit and lowering your score. These internet services can LOWER YOUR CREDIT..... be careful.

For a helpful person who will answer your mortgage loan questions, guide you properly and
give you a smooth loan closing.

or    Contact George Prescott, Realtor