People who want to pay off their mortgage quicker with additional payments will want to know two important details:
- How many years they can slash off of their original mortgage terms
- How much they can save on interest payments
An extra payment or early mortgage payoff calculator gives your target audience more insight into how they can strategically manage their mortgage payments and loan terms so they can achieve their financial goals much quicker. It allows them to see the numbers and play around with different scenarios so they can better determine which extra payment option they’re most comfortable with.
The most common ways to make additional mortgage payments include:
- One-time lump sum payment
- Bi-weekly payments
- Additional payments every month
The best extra payment option depends on the lender’s circumstances and their current financial situation. People who experience a sudden financial windfall will prefer a large one-time payment. Those with more room in their monthly budget would rather have slightly higher mortgage payments and pay off the mortgage quicker over time.
Can I have multiple mortgage calculators on my website?
The possibilities are endless when it comes to the different types and the number of mortgage calculators you can add to your website. When your target audience has access to multiple mortgage calculator widgets all on one site, they can educate themselves about your products and services in much greater detail — turning them into higher quality leads when they eventually click on your call-to-action buttons.
If you have special terms that others don’t offer, a mortgage calculator is very effective at demonstrating to potential clients your competitive advantage and how unique your value proposition is.
You can use mortgage calculators in a variety of different ways to support your different digital marketing campaigns which might include:
- Email marketing
- Paid and sponsored ads
- Blog posts
- Your site’s products and services section
The effectiveness of your mortgage calculator is really up to you. If you can come up with the best mortgage calculator widget amongst your peers and competitors, you can make your brand stand out more and significantly improve your lead generation.
What are the benefits of a custom mortgage calculator?
A mortgage calculator can positively affect different aspects of your business. Here’s a quick rundown of its immediate benefits.
Mortgage calculators boost conversions
A mortgage calculator is very effective at demystifying many of the complex details involved in securing a mortgage. It makes your value proposition more transparent and helps you build a stronger connection with potential clients.
Your target audience will also appreciate the fact that you’re making an effort to make the information they need more accessible and make their decision-making much easier. All this helps with the trust-building process which is essential when you’re trying to convert visitors into leads and leads into clients.
A calculator form lets you capture more market data
Using our calculator builder, you can automatically send the data your visitors enter into the calculator form to your favorite CRM software or any other database you wish to use. This not only allows you to easily capture people’s contact information but also gain more insight into what the market is looking for.
You can use the data you’ve collected to figure out if you’re attracting the right type of visitors and come up with new ways to grow your bottom line. And all you need to do is add a call-to-action button to your calculator widget.
Frees up marketing and customer service resources
Calculator forms are extremely effective at generating highly informed leads who already have a good understanding of what your business can offer. You’ll spend less time talking them through the basic steps because they’ve already done most of the legwork themselves. A highly motivated lead typically needs less convincing and will move quickly through your marketing and sales funnel because they’re more interested in what kind of deal they can negotiate.
Interactive calculators attract more traffic and boost SEO
By simply adding a mortgage calculator to your website, you’re also making your web pages more interactive and engaging. Site visitors are more likely to spend more time on a page that features a mortgage calculator than pages that are simply filled with marketing copy. In time, search engines will also recognize that you’re providing a useful resource to your target audience and your search engine rankings will start moving up, which will bring in even more traffic to your site.
How do I add a custom mortgage calculator to my website?
Creating and adding your bespoke mortgage calculator has never been easier with our calculator form builder. You don’t need any sort of coding knowledge to get started, and as long as you can edit the HTML of your website, you can add a calculator widget to your website in a matter of minutes.
You can use our mortgage calculator templates, as well as any of our other premade calculator templates, as a base and customize it to suit your specific requirements. If you’d like to build your calculator from scratch, you can head on over to our Help section for detailed tutorials and pointers.
Our pricing is affordable and will typically cost you less in a month than what a competent web developer charges per hour. You can even try it out completely free of charge until your calculator form reaches 100 visitors per month so you can determine whether ConvertCalculator is the right solution for your needs.