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If you're considering the purchase of a home soon, you need to know these Essential Steps to Successful Home Buying

How much do I owe on my mortgage?

By   |  Posted in Ask The Expert

Q: How do I find out how much I still owe on my home? I have been paying 318.00 a month since Feb. 2009, at 8 percent interest.

A: The answer is pretty straightforward. You need only plug your numbers into HSH.com's mortgage calculator. You'll need to know the loan's original start date, the original loan term and dollar amount and interest rate, of course. Add the information in, then press calculate. If you click the green "See details year by year" button, you can expand any year into a monthly display to find out exactly what your remaining loan balance is today.

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