| Wheatworks 2008-02-11, 3:25 am |
| The MoneyToys(tm) Website Calculator collection has grown to 16
calculators with the addition of a Mortgage Qualification Calculator.
This mortgage qualifier for web sites helps a visiting home buyer
determine how much he or she may be able to borrow for a home loan and
what monthly payment amounts a lender may allow based upon the
individual's income, debt and savings.
http://www.moneytoys.com/mortgage-q...-calculator.php
This mortgage affordability calculator also accommodates a co-borrower.
The income and debt information of the co-borrower is also considered in
the qualification calculation
Webmasters can modify the default Housing Ratio and Debt Ratio values to
reflect those of the lenders with whom you are working. These values
vary but it is important to remember the lender determines them for a
home buyer. Industry standards at the time of this writing are 28 for
housing and 36 for debt.
In addition to income, debt and qualifying ratios, the Mortgage
Qualification Calculator accounts for the amount a borrower has
available for a downpayment and the interest rates they anticipate for
different loan terms.
As a website visitor enters their financial values, the Mortgage
Qualifier calculates and displays the estimated monthly payments, loan
amounts and purchase prices for three mortgage loans for which the home
buyer may qualify based upon the housing and debt ratio configured by
the web master.
The 16 website calculators in the MoneyToys collection are easy to
install. With a few lines of HTML and MoneyToys website calculators, you
can quickly add online interactivity to a web site. The font face,
colors and sizes of MoneyToys web site calculators are easily modified
so they match the design of a website. In addition, the default values
for the financial values can be set to fit any local market.
And with MoneyToys(tm) calculators on your web site, your visitors can
perform financial calculations without leaving your site. The entire
collection of MoneyToys is available for only $139.95 USD.
For more information:
http://www.moneytoys.com/
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