The spring homebuying season is kicking in! See how much income you'll need to afford a median-priced home in any of the 50 largest metro areas.
Q: Do I use HSH.com's mortgage calculator to see the effect of prepaying my mortgage?
A: While the amortization calculator is a great tool, it can only do simple prepayment schemes. If you have plans on making irregular or occasional prepayments, you'll want to download HSH.com's free Homebuyer's Calculator Suite, which allows for more complicated prepayment methods -- changing amounts, occasional or infrequent extra payments, and more.
Capital gains taxes as they apply to your principal residence can be found in IRS Publication 523.
Read MoreThe owner of the loan is most often the "investor" -- the entity who put up the actual funds to make your mortgage happen.
Read MoreCredit life insurance is sold to homeowners as a means to pay off the mortgage in the event of the death of the homeowner.
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