The software offers several programs for calculating payments and mortgages, such as balloon amortization, biweekly amortization, 15 vs 30-year mortgages, loan amortization, maximum mortgage, refinancing, and variable rate mortgages.
The first program, Addedpmt.EXE, shows you the effect of making additional payments on your mortgage. By reducing the amount of interest you pay and shortening the length of the loan, you can save a significant amount of money over time.
Balloon.EXE is the second program in the compendium, and it explores the use of this type of mortgage. Biweekly.EXE is another program included in the compendium, which calculates and displays the reduced loan period with this type of mortgage.
1530mtge.EXE is a program that displays and lists the advantages and disadvantages of using this type of financing. Loanamor.EXE is a standard amortization schedule that displays annual interest paid, which can be useful when it's time to file your taxes. It can also be used for any simple interest loan with multiple payment periods.
Maxmtge.EXE is a mortgage qualifier for either a fixed-rate or variable-rate mortgage. It shows you how large a mortgage you qualify for. Refinanc.EXE is another program included in the compendium that demonstrates the advantages of refinancing your existing mortgage. It also presents the conditions under which you should consider refinancing.
Finally, Varimtge.EXE is a program that you can use to investigate or track a variable-rate mortgage or to project the payout of this type of mortgage. Overall, this compendium offers a wealth of information and tools for anyone interested in mortgages or currently going through the mortgage process.
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