Mortgage Calculator | My Experience!

Hello everyone!

As some of you may know, I recently got married. Marriage usually means a new home or thinking about purchasing a new home in the future. How many of you enjoy planning ahead like I do or are currently looking for a new home to purchase? In this post I will tell you about my recent findings regarding an amazing morgage calculator that I have been using called Monthly Payment Calculator and the current state of the housing market.

Recently I did some research on the housing market as of now and realized how it would not be the best time to purchase this month. That is why I decided to use Mortgage Calculators as my morgage calculator in order to plan ahead. They have the tools to either "refinance today" or "purchase today", plus a ton of payment tools. I think these tools are extremely valuable and easy to use.

I think that it is essential to familiarize ourselves with these tools, plus become comfortable using them for our own use and other people who may want to learn as well. The reason why a lot of people are getting out-bid for homes is because of generational wealth. I consider this not to be fair at all. 

Some facts I have learned according to an article on Clever called “America’s Housing Inequality and the Racial Wealth Divide” by Dr. Francesca Ortegren:

- wealth inequality is making millenials and younger generations have a more difficult time purchasing

- racial wealth gap reinforced by dispairaties in home prices: houses in predominantly Black neighborhoods are worth less than half of what homes in predominantly white neighborhoods are worth

- Closing the racial wealth gap would benefit not only individual citizens and their communities but also the national economy at large, adding an estimated $1 trillion to $1.5 trillion to the U.S. economy by 2028


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