We have a strategy and it is time to implement it. Very attractive home loan spreadsheets for refinancing loans are available online. There are free spreadsheets available, but I prefer the paid ones. I have used free ones with mixed results.
The nice thing about paid spreadsheets is that you get everything you need and more for a fee. They provide you with basic information about the loan from start to finish. There is a section for each term of the loan such as the first term, second term, etc. The spreadsheets also include the APR rate and the monthly payment.
They also provide an easy lookup function to look up details. This is crucial if you want to get accurate figures to base your decision on. You can lookup loans with any lender in the country and get the deal you are after. You will not be bombarded with calls to do deals or you may end up buying a house for half the price you want.
There are a few companies that offer premium home loan spreadsheets with even more features. In the US the calculator is provided for further calculations. In Canada, the calculator does not work because of the laws about interest rates, so the calculator is not offered.
The easiest home loan calculator on the Internet is available at the website Home Loan Spreadsheet. You will find a fee for their service, but that is a small price to pay for using the best service you can get.
At this point, you will probably be wondering why a mortgage broker would offer to help you? My advice is to use the calculator because that is where all the work is done. Any mortgage broker worth his salt will help you locate the best mortgage, offer you a mortgage plan and will explain to you how the mortgage works.
Finally, you can fill out a form and buy the spreadsheet and start the process of getting the loan. I have used free ones with mixed results.