This mortgage scenario builder lets you put in your specifics and tells you what you can spend under each program, for comparison purposes, to help you determine your best loan options and loan amount
Loan Details Comparison | shown above - Real Time Comparison for Jumbo, Zero-Down-VA, Conventional, FHA, and many other popular Mortgage Loan Options MtgQuote.com
**Loan Scenario Builder| Building your custom home mortgage quote starts here! Explore your Mortgage options based on down payment, your debt, and income. This will show you how much you can spend under each program. It’s going to give you an estimate on closing a mortgage loan in Alabama.
How much Income do I need to qualify under each loan option? See which Loan Programs offers the best mortgage Solution/Terms given my income and specific home buying criteria?
Explore Tax Benefits of Buying vs Renting a Home in Alabama: Not only are property taxes more affordable in Alabama, but so are average home sale prices.
Should I buy my rate down? See how a rate buydown would affect your next home mortgage solution?
Should I pay points for a lower interest rate? Breakeven analysis for paying points to reduce your interest rate. We see a lot of this in higher rate environments.
Extra Payment Calculators Extra Payments reduce your finance charges. Customize your planned payoff date and savings here.
Compare down payment requirements under each program scenario. Change programs/terms and watch results. We have noticed property tax and insurance cost appear high for Alabama counties. We will know exact amounts on these items before we close your loan. We can assist finding a realtor, insurance agent... and our closing firms are required to be excellent. We got you covered at First Equity Home Loan, Inc. We're Alabama proud and ready to give you first rate service in any town you choose in beautiful Alabama.
*We find most tax and insurance estimates are high for Alabama counties. We'll know exact cost once insurance and tax records are confirmed. Not a bunch of HOA communities in our smaller towns. Results are hypothetical and may not be accurate. This is not a commitment to lend nor a preapproval. Consult our mortgage professional for full details.
Quick Mortgage Quote Q
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
Zero-Down VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
We have Equity Solutions including Fixed Term 2nd Mortgage's, HELOC'S, and full array of refinance options. Call our Alabama Refinance Mortgage Hotline at 256-Refi-Pro for home improvements, bill consolidation, any worthwhile purpose.
An easy way to know your next step
Break down the terms and acronyms that will be used
Home sale and economic data statewide or by Alabama County
Learn about current topics and trends
The list of documents you need to get started
What is my house worth? Contact us for a free estimate now
MtgQuote.com by First Equity Home Loan Inc. guides you through your mortgage financing and connects you directly to your loan officer for quick reliable answers and fast superior service. Serving Alabama since 1987.
Serving all of Alabama's home lending needs since 1987!
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