Infographics - Simplifying the process of managing mortgage

REFINANCE MORTGAGE LOAN Dori has a mortgage loan: Interest Rate Outstanding Balance Monthly Payment 12% $200,000.00 $2000 Shops for suitable home loans Takes into consideration: Faces difficulty A. Rate of interest in making B. Required monthly payment C. Closing cost monthly mortgage payments LENDER A IR OB CC MP 11% $200,000 $500 $2,069.54 LENDER B IR OB CC MP 8% $200,000 $200 $1,674.55 LENDER C IR OB CC MP 10% $200,000 $100 $1,931.01 Note: Mortgage loan is refinanced for 20 years in each case. Closing cost is included in monthly payments. Loan application gets Dori approved starts making lower monthly payments on the new loan *IR - Interest Rate *cc - Closing Cost OB - Outstanding Balance *MP - Monthly Payment By- MortgageFit Pays the outs tanding balance on existing mortgage Lender B and applies for loan Selectsi REFINANCE MORTGAGE LOAN Dori has a mortgage loan: Interest Rate Outstanding Balance Monthly Payment 12% $200,000.00 $2000 Shops for suitable home loans Takes into consideration: Faces difficulty A. Rate of interest in making B. Required monthly payment C. Closing cost monthly mortgage payments LENDER A IR OB СС MP 11% $200,000 $500 $2,069.54 LENDER B IR OB CC MP 8% $200,000 $200 $1,674.55 LENDER C IR OB СС MP 10% $200,000 $100 $1,931.01 Note: Mortgage loan is refinanced for 20 years in each case. Closing cost is included in monthly payments. Loan application gets Dori approved starts making lower monthly payments on the new loan *IR - Interest Rate *cc - Closing Cost OB - Outstanding Balance *MP - Monthly Payment By- MortgageFit Pays the outs tanding balance on existing mortgage Selectsi and applies for Lender B loan REFINANCE MORTGAGE LOAN Dori has a mortgage loan: Interest Rate Outstanding Balance Monthly Payment 12% $200,000.00 $2000 Shops for suitable home loans Takes into consideration: Faces difficulty A. Rate of interest in making B. Required monthly payment C. Closing cost monthly mortgage payments LENDER A IR OB СС MP 11% $200,000 $500 $2,069.54 LENDER B IR OB CC MP 8% $200,000 $200 $1,674.55 LENDER C IR OB СС MP 10% $200,000 $100 $1,931.01 Note: Mortgage loan is refinanced for 20 years in each case. Closing cost is included in monthly payments. Loan application gets Dori approved starts making lower monthly payments on the new loan *IR - Interest Rate *cc - Closing Cost OB - Outstanding Balance *MP - Monthly Payment By- MortgageFit Pays the outs tanding balance on existing mortgage Selectsi and applies for Lender B loan REFINANCE MORTGAGE LOAN Dori has a mortgage loan: Interest Rate Outstanding Balance Monthly Payment 12% $200,000.00 $2000 Shops for suitable home loans Takes into consideration: Faces difficulty A. Rate of interest in making B. Required monthly payment C. Closing cost monthly mortgage payments LENDER A IR OB СС MP 11% $200,000 $500 $2,069.54 LENDER B IR OB CC MP 8% $200,000 $200 $1,674.55 LENDER C IR OB СС MP 10% $200,000 $100 $1,931.01 Note: Mortgage loan is refinanced for 20 years in each case. Closing cost is included in monthly payments. Loan application gets Dori approved starts making lower monthly payments on the new loan *IR - Interest Rate *cc - Closing Cost OB - Outstanding Balance *MP - Monthly Payment By- MortgageFit Pays the outs tanding balance on existing mortgage Selectsi and applies for Lender B loan REFINANCE MORTGAGE LOAN Dori has a mortgage loan: Interest Rate Outstanding Balance Monthly Payment 12% $200,000.00 $2000 Shops for suitable home loans Takes into consideration: Faces difficulty A. Rate of interest in making B. Required monthly payment C. Closing cost monthly mortgage payments LENDER A IR OB СС MP 11% $200,000 $500 $2,069.54 LENDER B IR OB CC MP 8% $200,000 $200 $1,674.55 LENDER C IR OB СС MP 10% $200,000 $100 $1,931.01 Note: Mortgage loan is refinanced for 20 years in each case. Closing cost is included in monthly payments. Loan application gets Dori approved starts making lower monthly payments on the new loan *IR - Interest Rate *cc - Closing Cost OB - Outstanding Balance *MP - Monthly Payment By- MortgageFit Pays the outs tanding balance on existing mortgage Selectsi and applies for Lender B loan REFINANCE MORTGAGE LOAN Dori has a mortgage loan: Interest Rate Outstanding Balance Monthly Payment 12% $200,000.00 $2000 Shops for suitable home loans Takes into consideration: Faces difficulty A. Rate of interest in making B. Required monthly payment C. Closing cost monthly mortgage payments LENDER A IR OB СС MP 11% $200,000 $500 $2,069.54 LENDER B IR OB CC MP 8% $200,000 $200 $1,674.55 LENDER C IR OB СС MP 10% $200,000 $100 $1,931.01 Note: Mortgage loan is refinanced for 20 years in each case. Closing cost is included in monthly payments. Loan application gets Dori approved starts making lower monthly payments on the new loan *IR - Interest Rate *cc - Closing Cost OB - Outstanding Balance *MP - Monthly Payment By- MortgageFit Pays the outs tanding balance on existing mortgage Selectsi and applies for Lender B loan