When we moved to the US, buying our own home seemed like a distant prospect. But after a couple of years of renting, we wanted to settle down and invest in our own. The biggest problem was understanding the local mortgage system. Everything seemed complicated - until I opened mortgage calculator USA.
He literally translated financial terms from "American" into a language I understood. I entered the price of the house I liked, the planned down payment and interest rate, and the calculator instantly gave me a detailed calculation. I saw how much my payment would be each month and what the total cost of the loan would be.
For an expat unfamiliar with the local reality, this was a lifeline. Moreover, the US mortgage calculator helped me adjust my budget. I realized that with a slightly lower housing price or a slightly higher down payment, I would be able to pay comfortably and even save on interest.
This is how our journey to our own home in a new country began. Without the calculator, we would hardly have felt so confident and prepared. Now I advise everyone to start their housing search with it.