Mortgage Loan Qualifying

For anyone thinking about a mortgage their first consideration is how just how big a mortgage they can afford on their budget.. The size of the mortgage will depend on:

• the amount of money that they can afford every month
• the interest rate
• the number of years over which the loan will be repaid

There is a commonly used formula for calculating the monthly repayments for a mortgage (or any compound interest loan) and that's discussed in A Simple Home Mortgage Calculator. However, the formula is quite complicated and laborious to use, and so the automation of the process with VBScript on a Windows computer is discussed in A Simple VBScript Home Mortgage Calculator.

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