Home Buying Information
When purchasing a home, understanding your financial position and goals can help you make the best decision in setting up a mortgage. Below are some tools from Genworth Insurance, which helps you understand your maximum mortgage amount that you can afford on your current yearly income. This takes into account a variety of different factors like debt payments, bills, and other expenses. There is also a calculator that allows you to find out your monthly mortgage payment given your interest rate and mortgage amount. Lastly there is a calculator that shows your total insurance premium given your purchase price and down payment.