Don't go shopping for a new home before you know exactly how much you can spend! Mortgage pre-approval will save you time and effort and will speed the buying process!

You can use our on-line tools (Mortgage calculators) to make a rough evaluation of your financial position (All exe-files are virus-free certified):

Monthly Payment
Calculates your monthly payment for different loan amounts, interest rates, and amortization terms.

How Much Can I Afford?
Calculates your estimated mortgage amount based upon the monthly payment, interest rate, and term that you enter.

How Much Can I Borrow (Prequalification)?
Calculates how much you can borrow based on your income, debts and desired loan terms.


How Long will it Take to Pay a Loan?
Calculates the time required to pay a loan for a given monthly payment and interest rate.


Rent vs Own
Estimates the financial benefits of owning a home in comparison to renting one.


Payment/Amortization Schedule (1024x768)

Payment/Amortization Schedule (1280x1024)

Calculates the breakdown of principal and interest payments for mortgages/loans in a period up to 50 years.

Extra Payment Mortgage Reduction
Calculates how much you can save on your loan by increasing your monthly payment and gives the new amortization schedule.


APR (Annual Percentage Rate)
Calculates how much a loan really costs. Also, you can compare loans and determine which loan provides you with the best APR value when considering closing costs and mortgage commissions.


Loan Comparison
Compare different loan scenarios and determine how much they really cost and which loan provides you with the best APR value and monthly payment when considering closing costs and mortgage commissions.


Convertible Balloon Mortgage
Balloon loans are short-term fixed rate loans that have fixed monthly payments based usually upon a 30-year fully amortizing schedule and a lump sum payment or the possibility of refinancing at prevailing market conditions at the end of its term. Usually they have balloon terms of 3, 5, and 7 years.

After evaluating your financial position, you can have an idea of the loan payment and mortgage that you can afford, however, there are many factors affecting the actual situation that depends, among other factors, on the loan provider company and the actual interest rate and conditions offered. Know more about pre-qualification and pre-approval criteria.


In order to have the mortgage pre-approved, you will have to obtain the pre-qualification with a Mortgage Company so you can know exactly how much a financial institution would be willing to lend you.  In the pre-approval process, you will find out: 

·     Exactly how much home or land you can afford

·     How much cash you will need for the down payment

·    The minimun down payment and advantage of higher down payment 

·     What the bank feels you can afford for a monthly payment

You are free to shop around and use the mortgage provider of your choice to get your mortgage pre-approval. Know your rights when shopping for mortgage services provided by the U.S. Department of Health and Urban Development.



If you want, we can help you to apply for pre-qualification for a mortgage and afterwards eventually obtain mortgage pre-approval. Your privacy and personal information will not be disclosed to anyone but to our preferred professional mortgage brokers.

This service is provided free of charge and without obligation on your part. We do this to expedite the buying process and as an added value service to our clients.