So many people today are forgetting this very important step before securing a mortgage loan.

That is…to calculate exactly how much you can afford to pay on your mortgage.

This may seem very basic, and you may even do this step early in the process…but more often than not, after a lender puts in their 2 cents, your target mortgage payment numbers may expand well beyond what you planned before you even know what hit you.

Don’t make this same mistake many Americans’ do. Always have the tools you need by your side…and keep them handy throughout the entire loan process…even at closing.

One of the most important tools you can use during your loan process is a mortgage loan calculator. This can provide you with:

1) A very clear understanding of how much you will owe on your mortgage every month (including taxes and insurance).

2) A very clear expectation of what your maximum loan payment can be prior to talking with your loan representative.

Provided you stay committed to not exceeding your maximum payment amount, this is to your advantage, as it will make it far more difficult for your mortgage representative to inflate your monthly payment amount within your closing documents.

3) A good understanding of how your mortgage payment breaks down…so you know exactly where your hard earned money is going.

4) A good check point to insure the mortgage terms you are looking for are realistic, and will fit within your budget. This can help you position yourself to find a mortgage loan that is right for your needs.

A mortgage payment calculator helps arm you with important information about your loan payment, and can ultimately save you thousands in the long run…so make sure you use this informative tool prior to securing your next mortgage loan.

If you would like to access a mortgage payment calculator, you can find one at the following link: mortgage calculator [http://www.mortgageloansunited.com/calc.html].

To your success,

Traci Crowley

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