Jeffrey Jones, AZ Home Seekers, azhomeseekers.com (AZ Home Seekers)

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Rainmaker
1,083,340
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I have an old mortgage handbook that has current interest rates. The problem is loan amount goes to $40,000.

Jan 10, 2016 12:58 AM
Rainmaker
3,645,486
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

No.  I have buyers speak to a mortgage partner.   

Jan 10, 2016 01:50 AM
Rainmaker
2,877,216
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do not do loans ... that is why I have a trusted lending partner. When it comes to apps for mortgages ... not a fan of those either. 

Jan 10, 2016 03:39 AM
Rainmaker
140,418
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

I only use a mortgage calculator to figure monthly payments.  Figuring out if a buyer has income enough to qualify is the lenders job.  Too many variables to consider, and I don't want to get that involved in my clients finances.

Jan 10, 2016 02:30 AM
Rainmaker
4,798,663
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's still sitting in my briefcase, after 11 years of no use. I doubt highly that I can remember how to use it!  

Jan 10, 2016 03:55 AM
Rainmaker
1,157,329
FN LN
Toronto, ON

I have never used Qualifier Plus.

Jan 10, 2016 02:52 AM
Rainmaker
3,415,007
Richard Weeks
Dallas, TX
REALTOR®, Broker

No I don't.

Jan 10, 2016 12:46 AM
Rainmaker
816,302
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Jeffrey - I have one in my desk at my home office. I haven't had a need to use it for quite some time.

Jan 11, 2016 03:27 PM
Rainmaker
581,667
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

Our MLS System has a mortgage calculator and it's usually the only one I use.

Jan 11, 2016 08:56 AM
Rainmaker
4,337,002
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have a calculator in the car that would do the mortgage payment, but forget how to do it.  Too easy for the lender to figure this out. 

Jan 11, 2016 03:03 AM
Rainer
160,515
Harjeet Bhatti
FITH THIRD BANK - Chicago, IL
Home Mortgage Consultant 25 States

Yes, I still have my 1st mortgage calculator and I use once a while. 

Jan 10, 2016 11:47 PM
Rainmaker
3,064,654
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Never.  The Buyer gets that information from their lender...

Jan 10, 2016 11:20 PM
Rainmaker
3,587,876
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

No longer keep a calculator handy. Use the calculator on my iPhone or call a lender!

Jan 10, 2016 08:51 PM
Ambassador
2,759,037
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 No.

Jan 10, 2016 05:29 PM
Rainmaker
2,331,798
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Jeffrey. I have one that I email to my clients and give them instructions on how to use it, so as they look at properties, they can come up with a monthly payment.

Jan 10, 2016 04:34 PM
Ambassador
4,306,594
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jeffrey Jones - I sometimes do - however, I leave it to the lender and client (lots of them available online!)

Jan 10, 2016 03:31 PM
Ambassador
2,953,593
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I have one on my site that I use once in a while.

Jan 10, 2016 01:32 PM
Ambassador
2,208,849
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I don't use the one you mentioned, but I do have a great one on my phone. I love it. 

Jan 10, 2016 12:37 PM
Rainmaker
80,153
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

I always have one and use it personally.  In the past I would prequalify buyers and estimate payments, but that was a long time ago.

Jan 10, 2016 10:33 AM
Rainmaker
1,826,627
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I have them call my lenders

Jan 10, 2016 10:10 AM
Rainmaker
4,859,210
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeffrey,

We have always just referred them to a professional lender.  They are the one who will do the whole process from beginning to end.  Wishing you a great week.  A

Jan 10, 2016 09:42 AM
Ambassador
3,266,881
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Not any more. I should take it off my phone!

Jan 10, 2016 09:22 AM
Ambassador
1,706,647
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes, I use two different ones sponsored by title companies.

Jan 10, 2016 08:17 AM
Rainer
74,307
Michael Scruggs
UTR Texas-Realtors - Houston, TX
ABR, CNE, TAHS

Yes, I use a mortgage calculator.

Jan 10, 2016 06:23 AM
Rainmaker
558,314
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Jeffrey,
Even though I’m a former lender I stay away from running payments, qualifying buyers, etc. It can create a problem if an agent tells a prospect one thing and the lender tells them something different.

Jan 10, 2016 06:01 AM
Rainmaker
220,334
LuxurySoCalRealty Compass San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

HI I always calculate an interset only and then guess on the principal part when on the road and a client asks.

Jan 10, 2016 05:37 AM
Rainmaker
1,911,086
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I use the HP10B  II

Jan 10, 2016 05:36 AM
Rainmaker
715,336
Peter Mohylsky. The Santa Rosa Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

I use a lender app but back it up with other calculations

Jan 10, 2016 05:31 AM
Rainmaker
3,462,255
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't. I never did. I have lenders who do that for me.

Jan 10, 2016 05:26 AM
Rainmaker
2,416,410
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I haven't seen that one. I use the one my prefered lender sent me the app for.

Jan 10, 2016 04:14 AM
Rainmaker
3,985,569
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes on my web site

Jan 10, 2016 04:07 AM
Rainer
149,706
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

IPhone applications, but being honest never comes up. Usually the clients are already on their phones using the one that they have downloaded.

Jan 10, 2016 02:23 AM
Rainmaker
3,431,499
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I use the  app on my phone now.

Jan 10, 2016 02:07 AM
Ambassador
3,985,140
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

No since I now have amortization and financial apps in my phone, I can do what I need which isn't complicated analysis. I still have a couple of financial calculators at the office in case I need them.

Jan 10, 2016 02:05 AM
Rainmaker
1,405,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeffrey Jones I use Infinity Softworks powerOne Finance Pro app. Does everything I need plus more. I still have my trusty HP 12c that I purchased when I first got my license in 1985.

Jan 10, 2016 01:36 AM
Rainmaker
5,815,580
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I use a HP calculator.

Jan 10, 2016 01:27 AM
Rainmaker
101,524
Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

The 90's called--they want their QQ Plus back for the Smithsonian exhibit (couldn't resist).

There is an app for the Iphone for the Qualifier Plus--it's very cool. you open it and it looks identical to the old hand held device. I have one for the HP 12c too.

Mostly I run the Simple Nexus app. I give it to my borrowers so they aren't calling me every ten minutes for payment quotes. "How much for $550,000 purchase???" "How much for $540,000???"

"Let's run $535,000"

That crap makes  me want to pull my eyeballs out...I just text them the link for installation on their smart phone and that does the trick.

Couple a cool things I learned:

  • They slowly get over the payment shock as they realize what it's going to take to own that $600,000 house. They may be very resistant at first and then gradually wear themselves down to reality.
  • You can see who's  hot and who's not  since you receive an email each time a prospect performs a calculation.
  • your contact info stays in front of them every time they open the app.

I  very highly recommend getting  an app like this going for your business...

Jan 10, 2016 01:23 AM
Rainmaker
804,837
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

HP 10bii.
I broke my Qualifier and prefer it for simple stuff, though.
My CCIM Excel Financial calc works perfect on my desktop for the above and more.

Jan 10, 2016 12:56 AM
Ambassador
4,693,257
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I dont.

Mar 27, 2019 07:35 PM