Mortgage Affordability Calculator | All Western Mortgage

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All Western Mortgage - Serving Its Customers
Since 1981.

• All Western Mortgage Mortgage Loan Company

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What is a Mortgage?
In the simplest of terms, a mortgage is a loan
that has been taken to buy a land or a property.
Most people take a mortgage loan for 30 years,
but the duration can be shorter or longer
depending upon their financial situation and
requirements.

• AWM Loan options to choose from

• Depending upon your financial condition, needs
  and requirements you can choose from any of the
  following mortgage types.
• Fixed rate mortgage
• Adjustable rate mortgage
• VA loans
• Federal Housing Administration loans
• All these types of loans have their own set of
  benefits. To learn more about these types of home
  mortgages in detail, visit www.awmlending.com or
  give us a call on 702-850-2790.

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Let Us Help You Buy Your Dream Home !

• Monthly Loan Payment Calculator
• Biweekly Mortgage Calculator
• Mortgage Affordability Calculator
• Mortgage Amortization Calculator
• Mortgage Refinance Calculator
• Compare Loan

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How Lenders Calculate the Amount of Monthly
Installments On Various Types of Mortgages

• Fixed-rate mortgage loan
• Adjustable rate mortgage loan
• Refinancing your mortgage

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• Fixed-rate mortgage loan

A fixed rate loan installment amount is
calculated in a manner that if you keep the loan
for the entire term (be it 15, 20, 30 years etc.)
and make all of your payments on time, the loan
will be paid off precisely at the end of the
term. The monthly payments youll make will
depend upon the principal amount of the loan,
interest rate and duration of the loan. You can
use All Western Mortgages different mortgage
calculators to calculate the monthly installments
for different scenarios.
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Adjustable rate mortgage loan
If you have taken a hybrid adjustable rate loan,
your monthly payments for the initial years are
calculated using the standard mortgage payment
calculators, assuming that your initial interest
rate remains fixed for the entire duration of the
loan.
When the time comes to adjust your interest rate,
your monthly payments get re calculated on the
basis of the new interest rate and the remaining
term of the loan.
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Adjustable rate mortgage loan
Refinancing your mortgage
If you have taken a hybrid adjustable rate loan,
your monthly payments for the initial years are
calculated using the standard mortgage payment
calculators, assuming that your initial interest
rate remains fixed for the entire duration of the
loan.
If you plan on refinancing your mortgage, your
existing loan gets paid off and is replaced by a
new loan. Your new monthly payments get
calculated on the basis of new loans term, new
interest rate and the remaining principal amount.
You can use All Western Mortgages refinance
mortgage loan calculator to know your net savings
on refinancing and the amount of revised monthly
installments.
When the time comes to adjust your interest rate,
your monthly payments get re calculated on the
basis of the new interest rate and the remaining
term of the loan.
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Contact Us
All Western Mortgage
Address 8345 W Sunset Rd, Suite 380 Las
Vegas, NV  89113
Phone [phone] Corporate 702-369-0905 Fax 7
02-906-0153
Web www.awmlending.com Email info_at_awmlending.com