Mortgage Information

For most buyers, a home is the most expensive purchase they will make and most need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

Brava Realty's broker spent 12 years as a mortgage executive, so we have the best mortgage contacts in Dallas to secure the financing for your purchase.  Remember that rate plays an important part of your financing decision, but other factors, such as closing costs and the lender's ability to close on time are just as important.

Applying for financing is an important first step toward buying a home. Most sellers require that a pre-qualification letter be included with offers, or if paying cash, that proof of funds be provided.  It's important to know how a home purchase fits into your budget, and you'll need that information before looking at homes.

Use the mortgage calculators below to assist you in making some decisions around financing your new home.

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.