So you’re thinking about getting a new house, perhaps you want to invest in the property market, but the question is based on how much you earn, will you be able to afford it? After all given that banks do charge an interest when lending money, all of that will undoubtedly snowball and you would end up paying more than what was asked for.If you have some basic finance knowledge, punching in these numbers into a financial calculator would grab you the answer, but if you’d rather not get it wrong, you’re in luck because Google has recently rolled out a mortgage calculator on their website. Now not only will you be able to ask Google all sorts of inane questions, but you will also be able to ask them to calculate your mortgage for you, how cool is that?
According to Google, “Starting today you can ask Google things like “How much can I borrow at $200 a month?” or “At 5% APR how much can I borrow over 10 years?” You can even adjust the mortgage amount, interest rate, mortgage period and more to see which financial options fit your needs.”
The feature can be accessed directly by typing in the search query into the search box. Alternatively if you’re not too sure what to ask for, you can always Google “mortgage calculator” and it will bring it up in the search results as well. As it stands it seems that the feature is limited to the US, but presumably it will make its way to other regions soon.
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