Mortgage calculator

What is a Mortgage Calculator?

Until a few years ago the mortgage calculator was the sole remit of the major high-street banks, lending institutions and brokers. Consumers could estimate borrowing limits and repayments based on their income in general terms but had no real access to a detailed mortgage calculator. Getting all the options would involve actually talking to a mortgage lender or broker. This added up to much time and effort spent on meeting with lenders, talking to them on the phone or trawling through brochures and fact sheets.

Online Mortgage Calculators

The picture now is very different. Growth in Internet technology has completely opened up the mortgage calculator services available to assist in the assessment of mortgage allowances, repayments and the costs of related products. Nowadays, consumers can source a calculator for virtually any mortgage use by simply surfing the web. This might just involve logging on to the web site of a preferred bank or building society and using their own calculator to assess in-house products and services. Mortgage calculator options can now be assessed in just a couple of minutes from any PC.