Mortgage Information - Obtaining Financing
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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. If you plan on financing your purchase, we can assist you in one of the most commonly overlooked first steps, becoming pre-qualified with a good lender.
There are many lending institutions that offer a variety of mortgage products. Although we are not affliated with any lender, we included the information of a couple of lenders below to assist you in making that decision. Local credit unions are also a good choice. 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.
City Bank Mortgage Kim Wills - 409-729-4663
The Mortgage Group - 899-1800 Scott Gittinger, Branch Manager Alba Santiago, Loan Originator |
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.