FIRST MORTGAGE CORPORATION

Western Colorado's & Southeastern Utah's Residential Mortgage Experts

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Refinance

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Glossary

Refinance Mortgage Calculator

The link below provides  an easy to use "fill in the blanks" table to provide you with the possible savings if you refinance your current loan.  With interest rates falling now is the time to look at the possible monthly saving when refinancing.

To go to our Refinance Calculator  click here 

Qualification Calculator

The link below provides  an easy to use "question format", to provide you with an estimated loan amount for which you would qualify.  The loan amount is determined using the income and debt information you provide,  the maximum loan amount calculated is for conforming loan products.  You may qualify for other non-traditional mortgages.  When you talk to your loan officer ask about these other loan types.

To go to our Qualification Calculator click here then choose Calculators in the upper left corner. 

When you have completed using the calculator close the new window to return to this page.

Payment Calculator

This link calculates the monthly payment for or to find out what your  mortgage payment would be for a specific loan amount.  If you know how much you want to borrow, you can check your monthly payment based on current interest rates.  Lower rates for other loan types may be available.  The current interest rates that are used for these calculation is based on an average.  Rates can change and you will have the option of locking your loan once you have formally applied or you may choose to "float" your loan, if you believe that the rates will change.  Your loan officer can explain these options to you. 

To go to our Payment Calculator click here then choose Calculators in the upper left corner. 

When you have completed using the calculator close the new window to return to this page.

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Copyright © 2000 First Mortgage Corporation - Last modified: February 18, 2004