A Quick Guide To The Mortgage Calculator
If you look on the website of any mortgage provider, you will almost certainly see what is labelled a mortgage calculator. It will ask you to input a few non-specific details, such as income, level of debt and the cost the property you have in mind before returning several sets of numbers. This may appear to be confusing to some, but the mortgage calculator is nowhere near as complicated as it may look.
The mortgage calculator will perform a rough estimate of your affordability, thus saving you the time and effort of contacting them if they potentially will not loan you enough money for your home. Alternatively, some individuals use it to estimate how much they can borrow so they know their budget. However, the average mortgage calculator will also return sets of monthly premiums so you know how much you will be repaying under each deal and be able to assess your own affordability.
However, bear in mind that, whilst a mortgage calculator may be a good tool to use, it by no means indicates that you will be accepted for a mortgage by that lender. It is only designed to be a rough guide!
Our easy to use calculator is designed to provide you with details of…
How much can I borrow?
This feature will help you decide on the amount of mortgage that you can reasonably afford to borrow. Please enter monthly amounts for your outgoings.
How much will my payments be?
The calculator will also give you an idea of what the monthly repayments will be on the current range of Chesham mortgages. Please refer to each product to see the costs and the incentives which may apply.
Please contact us to start the mortgage calculator.