Corolla, Outer Banks and Duck real estate and homes for sale in North Carolina - Holleay Parcker, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo

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Your Outer Banks property is an investment. Discover why so many investors seek my services. To discuss your needs, call 877-207-1617.

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"I cannot thank you enough."
"Your expertise and professionalism were really appreciated. You did your home work..."
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Real Estate - Homes - NUMBER1EXPERTS Sell More!
Holleay Parcker is one of The Top Selling Real Estate Experts™
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Affiliates
Leif Rasmussen - Mortgages
First Horizon Home Loans - Kitty Hawk
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Mortgage Calculators
Welcome > Resources > Mortgage Calculators > Your Income ...

The Best Mortgage Calculators On the Web! 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! 

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. 

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. 

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 

How Much Should Your Income Be?

What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.

This Financial Calculator requires a Browser with Java Support



Definitions

Desired mortgage amount
The total loan amount you are looking to qualify for.

Monthly housing expenses
Your monthly houses expenses from the housing expenses worksheet. The items entered as housing expenses make up the taxes and insurance portion of your monthly PITI payment.

Monthly liabilities
Your monthly liabilities from the liabilities worksheet. Your monthly liabilities are used to calculate your maximum PITI.

Monthly housing payment (PITI)
This is your total Principal, Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:

  1. Monthly Income X 28% = monthly PITI
  2. Monthly Income X 36% - Other loan payments = monthly PITI

Maximum principal and interest (PI)
This is your maximum monthly principal and interest payment. It is calculated by subtracting your monthly taxes and insurance from your monthly PITI payment. This calculator uses your maximum PI payment to determine the mortgage amount that you could qualify for.

Start interest rates at
The current interest rate you could receive on your mortgage. This is used as the starting point for displaying a range of interest rates and the resulting mortgage amount.

Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



Real Estate Tips
Cosmetic Improvements >Lighting Up the Sale

Lighting is an important factor to take into account when you are selling your home. Natural and artificial lighting can create a mood that buyers notice when they walk into your home, so don't overlook this significant factor which can favorably influence a potential buyer.

Before your house is shown, walk through each room with an eye to creating a pleasant ambiance through lighting. Accentuate the natural light by keeping curtains open and windows sparkling clean. Arrange your furniture to take advantage of the best view. You may want to install indirect lighting to highlight a vaulted ceiling or to draw attention to indoor plants. Dimmer switches can create simple and inexpensive lighting appeal. Place a lamp and table arrangement in a dark alcove or corner to brighten up the area.

See All Tips In The "Cosmetic Improvements" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >


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Holleay Parcker, REALTOR®, real estate agent and broker for Corolla, Outer Banks and Duck, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Holleay Parcker Broker/Owner
SPINNAKER REALTY, LLC

3900 N. Croatan Hwy MP 4
Kitty Hawk, NC 27949
Toll-free Direct: 877.207.1617
Local Mobile: 252.207.1617
Fax: 252.255.1115
Email Holleay now: holleay@OuterBanksRealEstateTips.com

eProABRSRESREALTORMLSEqual Housing


Outer Banks Real Estate - The Most Important Tip You Need to Know Before Buying Property on the Outer Banks

The most important decision you must make before purchasing Outer Banks real estate is selecting the agent you will work with. Choosing the right agent will save you time and money; choosing the wrong one may cost you both.

More than 70% of real estate buyers deal with the first agent they speak with. Don't make this costly mistake!

Research has shown that many people spend more money on their second home or investment property than they do on their primary residence. This means that your Outer Banks real estate purchase may well be the most valuable financial decision of your lives.

With so much at stake, it's important that you secure the best possible agent to represent your interests.

Why would you settle for less than the very best?

When selecting the right Outer Banks real estate agent for your needs, consider these tips:

1. Is your agent a member of the Institute for Luxury Home Marketing?

Members have received extensive training in handling exceptional properties in the upper tier market.

Whether or not you are considering a home in the million dollar range, shouldn't you choose an agent who has received the highest level of training?

I am a proud member of the Institute of Luxury Home Marketing. Only 4 other agents in the entire Outer Banks real estate market (936 agents strong) can make this claim.

2. Has your agent received the Certified Luxury Home Marketing Specialist designation?

Unlike many other designations, this one is performance-based, which means that the agent has achieved a solid track record of sales in the upper 10% of their market.

I have earned the coveted CLHMS designation, and only 2 other agents on the Outer Banks have received theirs.



3. Has your agent been recognized as a Million Dollar Guild member?

Million Dollar Guild status is accepted by real estate consumers the world over as the industry's elite. Success in the million dollar and above arena has been demonstrated and certified.

Simply put, it doesn't get better than this.

My strong performance in the luxury home tier has earned me membership in the exclusive Million Dollar Guild club.

Now that you realize that not all agents are alike, shouldn't you be calling the very best agent to assist you?

Let's talk about your Outer Banks real estate needs today. You may reach me toll-free direct at 877.207.1617.

I look forward to hearing from you.


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NUMBER1EXPERT™ in real estate for Corolla, Outer Banks and Duck, North Carolina

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