This software helps with loan and mortgage repayment by creating an amortization schedule and payment plan for managing finances.
One of the key features of LoanAmortizer is the ability to accurately calculate loan specifics. This includes the number of payments required, periodic payment amounts and other important loan details. With LoanAmortizer, you can rest assured that your calculations are accurate and up-to-date.
Mortgages can be amortized in decades but paid in months, and LoanAmortizer allows you to set any payment frequency and compounding period that suits your needs. In addition, the software offers the option to view and print amortization schedules, providing a clear overview of your loan payments and interest rates.
With LoanAmortizer, file management functions are included, giving you the ability to prepare an amortization schedule and save it for future reference, or for comparison against other schedules. This makes it an ideal tool for those looking to keep track of multiple loans or mortgages.
LoanAmortizer is fully compliant with the provisions of the complete U.S. Regulation Z, and in particular, Appendix J regarding interest calculation. It offers support for various amortization methods including the Simple (U.S. Rule) and the Normal (Actuarial) methods. Additionally, LoanAmortizer also supports Canadian amortization methods.
Overall, LoanAmortizer is a must-have financial tool for anyone who needs to manage loans and mortgages effectively. Its intuitive interface, powerful features, and compliance make it a top choice for anyone looking for loan and mortgage management software.
Version 3.0: N/A