Renting a house is a good way of putting a roof over your head, but once you are able to qualify for financing, then it's time to consider purchasing your own home.

Use a mortgage calculator to see how much more economical this is!

The whole idea of a mortgage calculator isn't to give you an exact amount of how much any given property will cost you, but rather to give a guideline of what you can expect to pay a mortgage lender should you decide to buy it.

Waiting to find out the monthly payments for a mortgage on a house can be nerve-wracking, but with a mortgage calculator you can reduce your anxiety levels by having the mortgage calculator give you some idea of the payments you can expect to pay.

If you are considering a home loan, a mortgage calculator will be your best tool for determining the size of the loan you can comfortably afford, estimating your monthly payments, and creating a financial plan to ensure you are able to make all of your mortgage payments in a timely fashion.

The results of using a mortgage calculator will help give you the confidence that buying a home is the best decision for you.

Karen Kirby has over 25 years' experience in the computer industry, an MS in Computer Science, and a BA in Honors English. She has been helping people with Internet marketing since 1995. For more information on mortgage calculators and renting or buying see http://mortgage-calculators.eworldrewards.com/mortgage-calculators-can-help-you-decide-to-buy-or-rent.htm and be sure to get a free copy of the "Internet Marketer's Guide to Free Traffic" at http://www.aimbright.com/ebook/ Copyright 2006 - Karen Kirby. All Rights Reserved Worldwide. Article Source: http://EzineArticles.com/?expert=Karen_Kirby