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Mortgage SIM Description |
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A simple and powerful tool that anyone involved with mortgages should not be without.
Interest rates are low. Now is a great time to refinance a mortgage.
Canadian and US style mortgage scenarios can be tested and analyzed with just a few clicks of your stylus. Real-estate agents, bankers, lenders or anyone shopping for a mortgage will benefit from the valuable information generated by this mortgage simulator.
The program calculates payments for virtually any term, any rate and any principal mortgage amount. Three common “Fast-Pay” methods are used to provide comparative payments for Weekly, Bi-Weekly and Semi-Monthly payment schedules.
So in a glance you can easily compare and analyze the savings and term lengths of ten different payment approaches. If you need more information this program also generates detailed Amortization Schedules for any of the ten different payment options in each mortgage simulation.
The flexibility of this tool also allows prospective buyers to calculate the size of mortgage that they could afford based on a predetermined monthly payment, rate and term. Modifying and reworking any scenario is as simple as adjusting a number and hitting the Calc key again. |
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