Download Added Payment Amortization +   Added Payment Amortization + 1.2

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Software Specifications


Added Payment Amortization + Screenshot
Editor Rating
0.0
Version:
1.2
Size:
1.20 MB
License [?]:
Shareware
Price:
$8.00 USD
Last Updated:
Category:
Mortgage Loan and Lease Analysis Software
Developer:
Bent Tree Software
Operating System:
Windows 95 Windows 98 Windows NT Windows 2000 Windows ME Windows XP
Additional Requirements:
386 CPU, 8Mb RAM
Limitations
Printing capability is limited

Added Payment Amortization + Review

" Reduce term of a loan and lower interest. "

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.


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