Mortgage Information

Having a mortgage is beneficial. It is one of the major benefits associated with real estate ownership. When you are purchasing a new home, it is important to understand the tax ramifications associated with it. Contact your tax accountant about how a home purchase will affect you. Also, contact me at 602-295-0894 or email ali@alibaker.net if you have any additional questions. Enjoy the real estate tax resources I have included below.

Tax source: www.irs.gov/formspubs/index.html

Federal tax law- Tax legislation: www.taxsites.com/federal.html

Tax news: www.taxnews.com/tnn_public/

U.S. tax forms-online: www.fourmilab.ch/ustax/ustax.html

Department of Treasury: www.ustreas.gov/

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How Much Can You Afford?

Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.
Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$	Required
Monthly Debt:	$	Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage

Qualification

Affordability

Rent vs Buy

Your Monthly Payments

Loan Amount:
Loan Insurance ( %):
Total Loan(Mortgage) Amount:

Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:

Get Pre-Approved

Shopping for home financing is shopping for money. Please keep in mind that you need to compare apples to apples. I have placed links to mortgage companies that I have done business with and recommend to you. Rest assured, they will take care of you and your home financing needs. Please compare two that I have provided you and find a third company on your own to compare loan costs and interest rates with. The following links are designed to help you with your upcoming home financing decision, as it is your decision. Please call me at 602-295-0894 or email ali@alibaker.net with any questions or concerns.

AmeriFirst Financial, Inc. David Latter, 480-344-1947

http://www.wamcoaz.com Gary Lau, WestAmerica Mortgage

http://www.orionmtg.com Joe Ashton, Orion Mortgage

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