Informal Resources and Tools Available for Homebuyers Looking to Gather Information about Mortgage Loans

The process of buying a new home can be intimidating for many homebuyers as there are a number of bridges that must be crossed before the purchase can be finalized. In the early stages of the process many homebuyers simply want to gather information, getting a general idea of what’s affordable and what’s not without feeling like they are locked in to a particular lender.

Bank of Internet USA, America’s oldest and most trusted Internet bank, understands this desire and offers homebuyers a number of resources and tools that can be utilized without putting pressure on a homebuyer. One such tool is a mortgage loan calculator which enables a homebuyer to get an idea of what their monthly payments may look like based on the mortgage interest rate they are able to secure.

This mortgage loan calculator designed for individuals looking at buying a new home is informal, giving homebuyers the ability to simply enter their information and get an idea about how much they could borrow to buy a home and what kind of interest rate they would be able to secure.

In addition to the mortgage loan calculator Bank of Internet USA also offers an informal process for securing a prequalification letter, a standard practice that will strengthen a homebuyer’s position when they make an offer on a home. To make things easier, Bank of Internet USA also has a team of skilled mortgage consultants readily available to answer your questions about home loans and what can be done about ensuring you get a low interest mortgage loan.

Bank of Internet USA understands that the process of buying a new home can be intimidating and at times stressful and by utilizing the resources and tools available as well as speaking with a mortgage consultant homebuyers can find relief in knowing they won’t feel overwhelmed or pressured into  a commitment they’re not ready to make.