ALEC offers a range of financial tools available to members to get the best home loan deal available to them, including: Rate Watch lets you enter in your desired loan features, and we email you when rates are favorable. Use our Mortgage Tax Calculator to determine what savings are available on your interest payment deductions. Use our Mortgage APR Calculator to determine the Annual Percentage Rate (APR) for your mortgage. Use our Adjustable Rate Mortgage Calculator to determine what your adjustable mortgage (ARM) payments may be. Use our Mortgage Comparison Calculator to compare between a 15 and 30 year mortgage. Use our Mortgage Points Calculator to see how buying points can reduce your interest rate, which in turn reduces your monthly payment. Use our Mortgage Refinance Calculator to determine if refinancing your mortgage is a sound financial decision. Use our Reverse Mortgage Calculator to help determine the balance of a reverse mortgage.