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MORTGAGES + COLLECTION OF PROGRAMS
AddedPmt.EXE
- ADDED PAYMENT AMORTIZATION +
By making additional principal payments when paying your monthly mortgage, you will reduce the term of the loan and gain equity in your home at a faster pace.
AddIrreg.EXE
- ADDED IRREGULAR PAYMENT AMORTIZATION+
NEW PROGRAM This program may be used to track an existing loan where you have
made added payments to the principal amount due each or any month of the loan period.
It may also be used to examine the benefits of extra payments for a proposed loan.
Balloon.EXE
- BALLOON AMORTIZATION +
Bankers are currently touting
mortgages with one to five year
balloon. What they don't tell you is that the
interest is usually
based on a 30 year term which, unless you know "THE NUMBERS" can result in a shock
to your system. GET "THE
NUMBERS" WITH THIS PROGRAM!!!
Biweekly.EXE
- BIWEEKLY AMORTIZATION + By making a loan payment every two weeks of half of the monthly payment, 26 payments are made each year.
THE BANKERS' SECRET IS REVEALED!!!
This program demonstrates the savings available to you if you pay your
mortgage every other week instead of monthly and
are CREDITED THE PAYMENT by the lending
institution at the time of payment.
1530Mtge.EXE
- 15 VS 30 YEAR MORTGAGE +
Do you really think you're saving money with a 15 year fixed rate mortgage rather than one
with a 30 year term. This program may
change your mind. The basic premise of this
evaluation is that if the buyer could afford the monthly payments for the shorter
term
(and would invest the difference in monthly payments
according to the instructions), at
certain rates of return on the investment it would be more advantageous to obtain the 30
year mortgage.
Loan
Amor.EXE-LOAN AMORTIZATION SCHEDULE +
WHY GO TO THE BANK AND PAY GOOD MONEY FOR LOAN
SCHEDULES? This program will calculate and print a complete amortization schedule for loans with a term up
to 30 years.
The amount of interest paid during any calendar year is also
calculated for
your use at tax time.
LoanTerm.EXE-LOAN TERM AMORTIZATION SCHEDULE+
UNDER CONSTRUCTION
This program may be used for any simple interest type loan including automobile
loans where you know the amount of the payment you wish to make and need to know howmany months and/or years it will take to pay off the loan. Simply adjust your payment to arrive at a fixed whole number of equal payments you wish to make.
MaxMtge.EXE - MAXMORTGAGE +
How much house can you afford? You might be pleasantly surprised. This program uses the
same "ratios" method used by your "friendly banker" to determine how
large either a fixed rate or variable rate mortgage you can expect approval for.
Principle, interest, homeowners' insurance, and taxes (PITI) are included in the analysis.
Refinanc.EXE
- REFINANCE IT ?
When current mortgage interest rates are 2 or more percentage points below your current
rate, it may be advisable to refinance your existing mortgage.
This analysis shows whether it is to your advantage to refinance depending on the number
of years you expect to live in your present home, the interest rate spread, closing costs
and your tax bracket.
VariMtge.EXE
- VARIABLE RATE MORTGAGE +
Confused about ""Teaser Rates"", maximum annual interest rate
increases and maximum interest rate for the term of the loan? This program demonstrates
the worst-case scenario of a variable rate loan. It also allows an analysis of the effect
of different loan rates applied over the length of the loan or it may be used to actually
track a loan repayment. Check your forecasting ability with this program.