Especially in these still-uncertain economic times, information is power, and we’re dedicated to making sure you understand your mortgage from front to back, side to side, inside and out. Most of this will happen, of course, while meeting face to face with our Texas mortgage experts, who will walk with you through the otherwise tricky homebuying process.

But there’s also plenty you can do on your own to better understand the current homebuying market and whether or not the time is right for you to buy — things like following this blog, where we’ll keep you updated with the latest information about the housing market recovery in Dallas, Ft. Worth, and the rest of Texas.

Your first stop, however, should be at our Free Mortgage Calculators and Financial Tools page, which features:

• For those of you with existing mortgages, a bi-weekly mortgage calculator that shows how much you’d save long-term by making bi-weekly payments instead of monthly payments.
• An APR calculator that helps you find the annual percentage rate on your adjustable rate mortgage.
• A ARM vs. Fixed Rate Mortgage tool that lets you compare a possible fixed rate mortgage with two different types of adjustable rate mortgages (ARMs) — fully amortizing ARMs and interest-only ARMs.
• A blended rate mortgage calculator that helps you determine the effective (or blended) interest rate you would pay if you use a first and a second mortgage to finance the purchase of a home.
• A mortgage comparison calculator that lets you compare 15-year and 30-year mortgages.
• A mortgage payoff tool that shows you how much you could save in interest payments by increasing your monthly mortgage payment.
• A tool that helps you answer the question — should you refinance your mortgage? This calculator tells you when you would break even.
• Rent vs. Buy — are you better off buying your home, or should you continue to rent? This tool will help you decide.
• A mortgage tax savings calculator to figure out how much your mortgage could save you in income taxes (interest and points paid for a home mortgage are tax deductible)
• A refinance interest savings calculator , which helps you understand how much interest you can save by refinancing your mortgage.

Contact our mortgage experts for more information.