This software generates loan payment schedules for various loans that use simple interest. It also calculates the total interest paid in a calendar year. It is not limited to mortgage loans.
One noteworthy feature of this application is that it even calculates the amount of interest paid during any calendar year, which can be useful during tax time. The printouts generated by the software are also professional-looking, making it a great tool for financial planners. The program also includes a "prepared by:" area that can be used by financial planners for reference.
Lastly, this program can be useful to financial planners for advising clients about the method of mortgage payment. It can demonstrate how this mortgage type can impact the term of the loan, as well as the total amount of interest paid throughout the duration of the loan. Based on my experience reviewing this software, I can confidently recommend it to anyone in need of a loan payment schedule for any type of loan.
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