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Mortgage Broker

The Upfront Mortgage Brokers Association (UMBA) is a non-profit organization that was formally created in August of 2001.



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Monday, 20. May 2013

Mortgage Calculators In Different Countries

By upfrontbrokers, 09:16

In London UK, people use some most renowned online mortgage companies. The customers have several questions in their mind and hence want the queries to be solved straight a way. They want accurate answers of their questions on the finger tips. By using these calculators, the user can form a basic picture of his financial conditions, that where does he stand. However one must consult a mortgage expert to get a whole clear overview of his mortgage. There are various types of calculators in the market. To avoid any kind of confusion, it would be advisable to consult an expert also. He would be able to clear all sort of doubts keeping in mind your financial conditions.

The various questions can be

What is my lending amount on the property?

Depending upon the size of the mortgage property, how much will be the outlay of monthly repayments?

How much I can save, if my current property rate, interest rate and loan amounts are $ xxxxxxx?

What is the current price of my house compared to the last time evaluation? (Calculator uses the data from Halifax and Nationwide building Society to give the answer).

How can I change my remortgage amount, if I have already repayment charges?

What would be the difference in the amount if I switch part of my repayment to loan basis?

What is the difference in the cost of property if I have a variable interest rate compared to a fixed one?

While buying a home, how much stamp duty Land Tax needs to be paid?

What is the difference in my savings if I do overpayments in the mortgages?

How much a buyer can borrow on a buy to let mortgage property if the expecting rent received is $ xxxxxx? (This amount varies from lender to lender depending upon the location and various factors).

How much rent I should charge on buy to-let property in case I have I have to cover my mortgage payments?

These are several ways by which a buyer can raise his questions .Initially if he does not want to go to any expert and wants to clear his doubts on his own, he can use this mortgage calculator which are available online in the question format. Simply he has to fill in his basic details and click on the calculate button.

An overview of these calculators is also given in case the buyer has any sort of confusion.