What would you like to do?

What is a mortgage pre approval calculator used for?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Mortgage calculators are used to determine how much house one can afford. Prequalification lets one determine how much one may be allowed to borrow. This is often confused with pre approval, which is the amount one is already approved to borrow, prior to house hunting.
2 people found this useful
Thanks for the feedback!

Are mortgage payoff calculators accurate?

Mortgage payoff calculators are accurate, however they are only accurate if your morgagte doesn't change in the future. For example, if you change your rate and refinance, a p

Are there any free mortgage calculators?

There are hundreds of free mortgage calculators on the inter-webs. There are many banks that offer free mortage calculators on their website so you have a good understanding o

How can I calculate mortgage refi rates?

If one is interested in calculating their mortgage refinance rates, there is a mortgage calculator available to those interested on the Mortgage Calculator website. There is a

How do you use pre approve in a sentence?

Everyone was preapproved during the sale at the local dealership.

How To Get Pre Approved For A Car Loan?

Go to a bank and tell them you want a car loan and you want to work it out with them ahead of time so you know what your budget is. They'll tell you everything else you need t

Are reverse mortgage calculators accurate?

In this day and age I would have to say yes, reverse mortgage calculators are accurate. Technology has come a long way. Where calculators use to take up an entire room,now the

How do you calculator the mortgage?

The formula for calculating your monthly mortgage payment is: M = P * (i / (1 - (1+i)^-T)) M - is the monthly payment P - is the principle i - is the monthly interest

How can you calculate mortgages?

The easiest way to calculate a mortgage is to look up nearly any lending site and use their easy calculating tool online. The basic formula is: M = P [ i(1 + i)n ] / [ (1 + i)

How do you calculate a home mortgage?

There are many mortgage calculators that you can use online. Generally, you need to take the price of your home and the interest rate on your loan, as well as the length of yo

Is it advantageous to use a home mortgage calculator?

A home mortgage calculator would definitely be a very advantageous thing to use, as it would make things a lot easier. The calculations would be less difficult for you to figu