Added Payment Amortization + 1.2

Program Specifications

Download Added Payment Amortization +
Version: 1.2
Size: 1.20 MB
Publisher: Bent Tree Software
Date Added:
License [?]: Shareware (USD$8.00 to buy)
Operating System: Windows XP, Windows NT, Windows ME, Windows 98, Windows 95, Windows 2000
Requirements: 386 CPU, 8Mb RAM
Download Links: Download Added Payment Amortization +
BumperSoft Editor's Review Status:

Publisher's Description of Added Payment Amortization +

" Reduce term of a loan and lower interest. "
- From Bent Tree Software

This program is a version of an added payment schedule that demonstrates the effect of added payments to reduce the term of a loan and also reduce the amount of interest paid. By making additional principal payments when paying yourmonthly mortgage, you will reduce the term of the loan and gain equity in your home at a faster pace. If you decide to utilize this method of payment, be sure that the bank or other lending institution credits the amount against the principal of the loan each month.

Printouts are professional looking and may be used by financial planners as they contain a "prepared by:" area and may be useful for advising a client on this method of mortgage payment by demonstrating to them the effect this type of payment has on the term of the loan as well as the total amount of interest paid.

Limitations in downloadable version

Printing capability is limited


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Tags

personal   |  finance   |  mortgage   |  loan   |  amortization   |  compare   |  loans   |  added   |  payment   

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