Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
Related Categories
Tip of the Day

Tip of the Day Get A Rewards Card

Get A Rewards Card - A rewards card is always a good option if you need a credit card. These no-fee hassle reward cards allow you to charge each...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

Debt Consolidation Mortgage Calculator

What is a debt consolidation mortgage calculator?  How can this calculator help you make the right choice in ending your debt and getting on with life?  The one thing any calculator can do is show you where you sit financially.  The debt consolidation mortgage calculator can also find a solution for you in the abstract.  It cannot do the research, make decisions or give you a loan.  However, the calculator can show you if a loan is worthwhile.  It can tell you if you can afford the solution you are examining right now. 

The debt consolidation mortgage calculator is just one more tool in your box to use.  The calculator has a place for the amount of the mortgage, the APR, and it will tell you the monthly payments you will receive from the loan.  It can also show you what would happen if you did not calculate your loans.  When you use a debt consolidation mortgage calculator there are two things you should do.  Use the calculator to find out how much you can afford in a month for a payment.  The calculator can be used to show you the APR you need, the length of the loan, and how much you can afford that loan to be. 

Secondly the debt consolidation mortgage calculator helps you figure out what you are paying right now.  For example, if you continued to make the minimum payment on your credit card when would you pay that debt off?  If you paid the same amount to the credit card as you would pay to a loan, which one would you pay off first?

The answer to this last question is essential to understanding if the mortgage will be affordable.  In a mortgage you are taking out equity from your home.  There is a potential to lose your home if you cannot afford the payments on the equity loan.  It is imperative that you understand your situation fully regarding the debts you have.  Never make a snap decision even after using the debt consolidation mortgage calculator to figure out where you stand.

 

 

Discuss It!
Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Guaranteed Stock

Guaranteed Stock - Guaranteed Stock is common stock certificate or preferred stock certificate with dividends guaranteed by the insurer of record. The common stock certificates or preferred stock certificates guarantee gives the stock certificates a much higher value. The value translates into a higher...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com