Mortgage Calculators: Qualify Leads and Save Time

This post comes to us from WebsiteBox:

What makes a great agent website? An integrated IDX, buyer/seller specific content, great images and gadgets. All of these features need to be presented in a well designed layout to create a real estate agent website that stands out from the competition.

One of the most important gadgets to have on an agent website is a mortgage calculator. This handy gadget can help you qualify leads by ensuring that buyers who inquire regarding specific listings can actually afford them. It also helps you save time by providing buyers with a quick, easy to use tool that lets them know about their financing options for the properties they are interested in. The gadget also helps protect maintain the client's privacy, since they can enter their personal financial information into the gadget right away without having to reveal the details to you.

There are 10 types of mortgage calculators that you want to add on your website:

1) Do You Qualify? - This allows potential buyers to find out if they would be able to qualify for a mortgage based on the price of the property, their income and monthly expenses. This is a great tool to help real estate agents qualify leads right away and ensure that potential buyers can actually afford the listing that they are looking at.

2) Compare Interest Only vs. Principal - Help buyers calculate the difference between interest only mortgage and principal mortgages. An interest only mortgage is one where you only pay the interest and the amount of capital you owe remains throughout the term of the mortgage. A principal mortgage works just like any other loan where you make payments towards the capital amount owed each month.

3) Calculate Amortized Payments - Help buyers determine the monthly payment amount based on the amount borrowed and more. Nobody likes surprises when it comes to getting bills. This tool will let your potential clients know how much they can expect to pay each month.

4) Meet a Payoff Goal - Everyone wants to pay their mortgage off. Provide potential buyers with a tool they can use to figure out how long it will take them to pay off their mortgage. Not only do you provide them with a financial tool, but you also give them a future date to look forward to.

5) Tax Savings - Saving money is great, and this tool helps buyers estimate the savings in taxes that can be realized due to interest and property taxes.

6) Compare Consolidation and Refinancing - Let your visitors compare refinancing a single mortgage vs. consolidating a first and second mortgage.

7) Refinancing a Mortgage - Help potential clients see the costs and savings of refinancing a mortgage.

8) Compare Monthly vs. Biweekly - Show clients the difference between making mortgage payments biweekly and making monthly payments.

9) Compare Mortgage Rates - Shopping around is important. Help potential clients see the differences in mortgage payments and interest costs at different rates.

10) Mortgage Term Comparison - This calculator will let your visitors compare monthly payments of different mortgage terms.

WebsiteBox provides all 10 of these mortgage calculators with every WebsiteBox website. You can add these calculators to your site at anytime.

To view the original article, visit the WebsiteBox blog.