This software is designed to provide clarity on variable rate mortgage loans, including teaser rates, maximum interest rate increases, and overall maximum interest rates for the loan term.
Software Review: VARIABLE RATE MORTGAGE
VARIABLE RATE MORTGAGE is a program designed to assist those who are confused about "Teaser Rates", maximum annual interest rate increases, and maximum interest rate for the term of the loan. This software is ideal for individuals who are looking to obtain a variable rate mortgage loan but are uncertain about its implications.
The program allows users to explore the worst-case scenario of a variable rate loan, as well as analyze the effect of different loan rates that may be applied over the length of the loan. Furthermore, this program could also be used to track the repayment of an existing loan.
The "What If?" portion of the program is particularly noteworthy, as it enables users to test their forecasting ability, which is an important aspect when considering variable rate mortgages. Additionally, the printouts produced by this program are professional-looking and contain a "prepared by:" area, making them suitable for use by financial planners.
This software could also prove valuable to financial planners when advising their clients on the advisability of purchasing this type of mortgage over a standard simple interest loan. As such, VARIABLE RATE MORTGAGE is a comprehensive and user-friendly program that is worth considering for individuals who are exploring variable rate mortgage loans.
VARIABLE RATE MORTGAGE is a program designed to assist those who are confused about "Teaser Rates", maximum annual interest rate increases, and maximum interest rate for the term of the loan. This software is ideal for individuals who are looking to obtain a variable rate mortgage loan but are uncertain about its implications.
The program allows users to explore the worst-case scenario of a variable rate loan, as well as analyze the effect of different loan rates that may be applied over the length of the loan. Furthermore, this program could also be used to track the repayment of an existing loan.
The "What If?" portion of the program is particularly noteworthy, as it enables users to test their forecasting ability, which is an important aspect when considering variable rate mortgages. Additionally, the printouts produced by this program are professional-looking and contain a "prepared by:" area, making them suitable for use by financial planners.
This software could also prove valuable to financial planners when advising their clients on the advisability of purchasing this type of mortgage over a standard simple interest loan. As such, VARIABLE RATE MORTGAGE is a comprehensive and user-friendly program that is worth considering for individuals who are exploring variable rate mortgage loans.
What's New
Version 1.2: Upgrade PAD file