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Loan Services - Compare and Save
Online Mortgage Quote Services
Online mortgage quote services and referral agencies allow customers the ability to apply for mortgages online at no charge and with no obligations. Once you have submitted your application you will receive up to four free loan quotes!, along with the lender's contact information. The online application takes only five minutes - no initial credit check or Social Security number needed! There is no obligation to purchase and your privacy is protected. Mortgage quote services are partnered with hundreds of nationwide lenders. These services are paid for by lenders, so no money comes out of your pocket. Let lenders compete for your business! APPLY NOW!
Online Loan TypesApply for First Mortgages, Refinance Loans, Secondary Financing, FHA/VA Loans, Construction Loans and Debt Consolidation. Once you have submitted your online application you will receive up to four free loan quotes, along with the lenders' contact information. The online application only takes five minutes, and no initial credit check or Social Security number are number needed. There is no obligation to purchase and your privacy is protected. APPLY NOW!
Compare Four MortgagesCompare mortgage quotes with our four calculators on the right hand side of the page. Each calculator is independent. Click on the payment cell to get your results after you have entered the loan amount, the rate, and the loan payoff time (number of years). You can enter the loan payoff time as a fraction. For instance, if your loan period is only 13 months, then enter 1.0833 (multiply the number of months times .0833). You can then go even further and enter your property's data into the real estate proforma on the Quick Proforma Page.
Get a Better Loan with a Better Credit ScoreYou may be able to receive a better rate and loan term if you improve your credit score. Save money on your loan by cleaning up your credit before you apply for a loan! read more
Use a loan-comparison calculator to compare two loans and find out how much you will save. Go to Loan Comparison Calculator.
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Determine the Real Estate Financial Statistics for a PropertyBefore you buy an investment property it is critical that you create your own projection of the property's profitability. Real-Estate-Proforma.com has a quick-proforma with which you can calculate real estate financial statistics such as Internal Rate of Return, Capitalization Rate, Cash-on-Cash, Debt Multiplier, Loan-to -Value Ratio, Debt Coverage Ratio, and Mortgage Payments. You can use this JavaScript proforma to project the profitability of a real estate project. By becoming a member you will receive access to a number of Excel real estate proformas. membership | services
If you are analyzing another person's proforma, or you are examining a prospectus for a real estate deal, it is very important that you read the document carefully and determine how the values of the financial statistics above are being calculated. For instance, values such as the Cap Rate may be determined from overly optimistic projections of the future rental income of a property.
You can "reverse engineer" the financial projections you receive from a prospectus and/or request the Excel (or other type of) spreadsheet a developer used to create their proforma. A very useful Excel or Visual Basic macro used to check Excel formulas is available in the spreadsheet below for download. Download Mortgage Formula Excel Spreadsheet
The due-diligence you do on a potential investment may uncover a number of potential problems with a real estate deal and we suggest you research each real estate investment very carefully. There are a variety of real estate financial consultants who can help with this, but if you are like many Real-Estate-Proforma.com members, you can or are learning to do your own due-diligence.
We hope you become a more successful real estate investor by using this site! membership | services