Let our online refinance calculator help answer this question 'Should I Refinance My Mortgage.' Input your loan information as well as your property information and the calculator will tell you how much you could save with a new loan.

Click here to access the Mortgage Refinance Calculator

When comparison shopping look at the Points, the Fees and the Annual Percentage Rate (APR). The APR includes lender fees that are charged on your loan.

Although one lender may have a slightly lower rate they may charge more fees and therefore have the same APR as a lender with the slightly higher rate.

Our intent is to service the majority of our loans and therefore maintain a long-term relationship with you.

Closing costs vary based on a number of factors. We will quote an estimate of the out-of-pocket costs, prepaid expenses, application fees, title insurance, origination fees and discount points. These costs do not include the amount of down payment.

Generally speaking you can purchase a home with a value of 2 or 3 times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts and the amount of down payment you are willing to make.

You may be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. We can help you determine exactly how much house you can afford.

Click here to access the Mortgage Maximum Calculator

When you are ready to buy a home you must consider that the monthly mortgage cost is not the only cost you will face. Maintenance costs such as appliances needing repair and utility bills will also come out of your pocket.

You should also consider homeowner's insurance as well as association or condo dues depending on your location. Lastly, be sure to remember to allow for property taxes which may be rolled into your monthly payment.

With a fixed-rate mortgage the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index.

While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM will likely change. There are advantages and disadvantages to each type of mortgage. We can help you navigate your options when selecting a loan product.

Knowing that the house is yours brings you satisfaction in itself. You will enjoy the savings that come when you deduct your property taxes and mortgage loan interest from your federal income taxes and in most cases also your state income taxes.

Interest will likely make up a large portion of your monthly mortgage payments, for many years, so you can easily see how home ownership can save you money on your taxes.

With every mortgage payment you make you add equity to your house. This equity is like a savings account which you can cash in when you sell your home or use it to borrow against.

There is no simple formula to determine which type of mortgage is best for you. This choice depends on a number of factors including your current financial picture and how long you intend to keep your house.

We can help you evaluate your choices and help you make the most appropriate decision.

At closing, you, your agent, the seller, the sellers agent (in most cases) and the settlement agent will sit down to go over the legal documents regarding your new home. A good settlement agent will explain what each document means.

Make sure you understand what you are signing and ask questions if you don't. After all the paperwork is signed you will pay the closing costs and down payment to the settlement agent.