How Much House Can You Afford?
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
Nick White of Peoples Bank
I first started in the mortgage business in 2001 as a loan officer. After a short period of time, I was promoted to the title of Branch Manager and held that title for about 4 years. While I loved managing people and helping them get better, I always missed doing what got me into this business in the first place, which is helping people achieve the dream of homeownership. Since being a branch manager, I have worked for a few mortgage banks and spent time as a mortgage broker. I have been with Peoples Bank for just over 3 years now and couldn’t be happier.
I am currently a member of Peoples’ President’s Club, and have had that honor at every company I have worked for. Most recently, I have also been given the award of “Five Star Mortgage Professional” in 5280 Magazine for 2012 and 2013, which is only given to the top 7% of mortgage professionals in the Denver area. The process of obtaining a mortgage has become so complex in recent years, that most people would rather have a root canal. I like to create an experience where the client knows why we ask for certain things, so that they can actually learn during the process rather than become frustrated with constantly changing guidelines, red tape, etc. This helps make closings more enjoyable and not only increases my chances for a referral in the future, but also reflects positively on the Realtor that referred them to me in the first place. I also take great pride in being proactive rather than reactive. Spotting potential problems before it’s too late is a very big difference between successful mortgage bankers these days and unsuccessful ones.
I have seen a lot of change in this industry in the last 12 years and anticipate even more changes in the future. While many mortgage bankers fear change and are leaving the business, I continue to look forward to coming to work each day. The laughs and smiles at the closing table make it all worth it.
Contact us for more information about financing your next real estate purchase.