No man is an island especially when it comes to buying a new home. As first time homebuyer, you would need every help that you could get to make the right choice.
Fortunately, thre are tons of real estate tools out there that can truly make your life easier. And some of them are available online. Below are some tools that you have to check first before buying a brand new home.
Home affordability calculator
Homebuyers are not usually aware on what kind of property their current budget can get them. Estimates won’t be able to help you get the property that fits your budget. Good thing home affordability calculators exists. These types of calculators will be able to measure your monthly expenses and figure out the amount of property that’s perfect for your finances.
Mortgage calculator
Mortgage calculator counts the monthly mortgage that you have to pay for a property. The results are based on how many years that it will take you to complete the payment and of course the total amount of your desired home. This will help you get an idea on how much you’re going to shell out monthly for a certain property.
Credit score estimator
Credit scores are important when getting a home loan. The higher the credit score the more chances that the bank or the lender will give you a loan. See where your credit score stands and how much you need to improve using a credit score estimator.
Down payment calculator
Wondering if the money you saved up will get you the house of your dreams? The down payment calculator may be the answer for you. This calculator will measure the interest rate, the purchase amount of the property, and loan terms so that you will have an idea on how much everything is going to cost.
Buy or rent estimator
Still have no idea on whether you should buy or rent? A series of questions may be the answer to your question. Buy or rent estimator sees your current financial level and gives you a heads up on whether you should buy or rent a property.
Real estate portal
How will you search for your next big property? A good real estate portal can help you find what you’re looking for – without leaving your couch! Thanks to real estate portals, finding a property is now easier. No more scouring for areas, no more looking at various classified ads. All you need is a laptop or a mobile phone and of course internet connection. Pictures, maps, locations, even mortgage calculator. You can get all of these right here.
There’s no harm in getting aid when it comes to property and financial compatibility. Make sure that you’re doing the right thing by using these awesome tools.
Image source: http://www.persquare.com.ph/for-sale/2-storey-central-luzon-region-3-pampanga-angeles/2-storey-house-lot-for-sale-at-angeles-city-pampanga_18028 – NT Realty
