Mortgage Calculator
Mortgage Calculator - when you decide to move house you need to work out mortgage payment yourself rather than rely on a broker.
Mortgage calculations can be complex and it is wise to invest in a dedicated mortgage calculator with lots of different option that it can show you.
The amount you repay monthly will vary wildly from mortgage company to mortgage company or Bank/Building Society and will depend on the interest rate (which they figure out according to your credit rating) and the term (the number of years you plan to repay your mortgage in)
Remember that many mortgage companies/building societies will charge a penalty if you repay your mortgage too soon ,
(they figure you are going to pay for 20 to 25 years for instance)
Another thing you should look for in a mortgage is the life assurance that some companies insist on - they love doing this because the company that offers the Life Insurance also pays them (the building Society) a commission for signing you up.
If you look around you can usually get much better deals on life assurance yourself.