House Buying Info & Research Resources
So you’ve decided to buy a house, eh? Good for you! But now, the hard question is who to borrow that money from, which lender? Well not all lenders are created equally; they charge different amounts. Don’t pay attention only to the interest rate, otherwise you can miss out on $1000s in savings.
I’ve attached an Excel spreadsheet w/ formulae that I used to compare
mortgages. Just punch in the value of the house you want to buy, the downpayment you plan to make, and the various fees that your potential lender is going to charge you. You can adjust this to suit
you.
