Reaching the Dream -- Tools

Calculators

• Ginnie Mae (www.ginniemae.gov)
  • How Much Home Can I Afford? Calculator (www.ginniemae.gov/2_prequal/intro_questions.asp?subTitle=YPTH)
  • Loan Estimator (www.ginniemae.gov/2_prequal/le_intro_questions.asp?subTitle=YPTH)

• Freddie Mac (www.freddiemac.com)
  
  • To access the following calculators (/www.freddiemac.com/calculators/)
    
  • How Much Can I Save in Taxes?
    
  • Am I Better Off Renting or Buying?
    
  • What Home Can I Afford?
    
  • How Much Can I Borrow?
    
  • Which Is Better: Fixed or Adjustable?
    
  • Which Is Better: 15 or 30 Year Term?
    
  • How Much Will Adjustable Rate Payments Be?
    
  • What Will My Refinancing Costs Be?
    
  • How Much Should I Put Down?
    
  • What Will My Closing Costs Be?

Worksheets

Freddie Mac Home Buying

• To access any of the following worksheets, click here (/www.freddiemac.com/calculators/)
  
• Monthly Budget
  
• Lender/Mortgage Comparison Worksheet
  
• Borrower Information Guide - Prepayment Penalty Mortgages
  
• Housing Wants vs. Needs
  
• Neighborhoods Wants vs. Needs
  
• House Hunting Worksheet

Freddie Mac Credit Worksheets

• To access any of the following worksheets, click here (/www.freddiemac.com/calculators/)
  
• Examine Your Values
  
• Expenditure Tracking
  
• Goal Setting
  
• Mortgage Qualifying
  
• Needs Versus Wants
  
• Personal Financial Task Checklist
  
• Sample Budget
  
• Sample Debt Worksheet
  
• Sample Financial Statement
  
• Budgeting for Periodic Expenses
  
• Calculating Net Income
  
• Cash and Asset Worksheet
  
• Comparing Income to Expenses

Ginnie Mae

• Homebuyer Checklist (www.ginniemae.gov/resources/hmbuyerscard.asp?section=YPTH) - A printable list to use when evaluating homes for sale.