Bravera Bank

Mortgage Resources

Buying a Home

Buying a home may be one of the biggest decisions you'll ever make.
 

What Mortgage Can You Afford? 

Find the mortgage that will work best with your goal monthly payment. 

To Buy or Not To Buy

There are some compelling reasons to buy real estate, but it's not a clear-cut situation for everyone. 

Working with a Mortgage Lender

Finding a mortgage lender isn't as hard or scary as it seems. 

Mortgage Application Checklist 

Applying for a mortgage takes a lot of documentation—prepare with this mortgage application checklist. 

Making a Down Payment on a House

A down payment is an important element of home buying, but what is it? And how can you save for one? 

The Cost of a Mortgage

The cost of a mortgage depends on the amount you borrow, the APR, and how long you take to repay. 

What is a HELOC?

A HELOC is a line of credit that allows you to borrow against the equity in your home.

Selling Your Home

Selling your home and buying a new one can be a taxing experience. 

Insuring Your Home

If you're buying a home, you'll want to protect your investment by getting it insured. 

Mortgage Calculators

Because mortgage payments divide the cost of the mortgage into monthly chunks for the length of the loan, it can be hard to assess how much you'll end up paying in total for your home, and with interest, the amount you pay can be a lot more than you'd think. This calculator will help you see how much your home will actually cost you.

Enter the price of your home as the Home Price. Move the Down Payment slider to the down payment you paid or will pay for the home. Move the Loan Term slider to the length of your mortgage loan and the Interest Rate slider to the interest rate. If you'd like to adjust the amount you pay for home insurance, property tax, or change the PMI, select Advanced Options.


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When interest rates drop or market values rise, it’s a good time to think about refinancing.

First, enter the loan balance, payment, and interest rate for your current loan. Then, select a focus: do you want to reduce your term length or monthly payments? Adjust the term length, interest rate, cash out amounts, and closing costs for the new loan. See how these factors influence your total costs, how much you can save, and when you’ll break-even on monthly savings vs. refinancing costs.




It's important to know if the monthly payments on a mortgage will fit within your budget. Simply said, this calculator helps you do that. Start by entering how much you think your monthly mortgage payment will be. Next, enter you monthly income after taxes. Finally, enter your expenses; add and delete categories to make your list of expenses as accurate as possible. Take a look at the results!


Not all cities cost the same to live there, so it's important to predict what expenses will change if you move and by how much. The Cost of Living Calculator is a tool that will show you a comparable salary between two different cities as well as how prices might change for common expenses.

  1. Use the Current Salary slider to set your current salary.
  2. Change the Current Location by using the dropdown arrows. (If the city you live in is not listed, select the nearest one.)
  3. Change the Moving To location by using the dropdown arrows as well.
  4. The calculator will display what a comparable salary will be in that city and price adjustments for your budget

A HELOC is a line of credit that allows you to tap into your home’s equity and borrow against it. This calculator will help you estimate the limit you could be approved for. Start by entering the value of your home. Next, enter the outstanding balance (what you have left to pay including interest) on your mortgage. Finally, adjust the LTV ratio to see your potential HELOC. The LTV ratio is a percentage, generally 80-90%, that is determined by your lender.

Ready to get started?

Contact one of our mortgage experts by calling 877-483-6811 or by contacting us online. You can also get the home buying process started online.