Mortgage Mentor - Mortgage Calculator, Analysis & Comparison
By MH Riley Ltd
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*** SALE NOW ON - 50% off ***
*** Featured in the Sunday Times App List 2012 ***
*** Featured as 'What's Hot' by Apple ***
Mortgage Mentor has one aim - To SAVE YOU MONEY on your mortgage!
If you're buying a house, looking to re-mortgage, or simply want to make the most of your existing mortgage, then this is the perfect app for you.
Try out various 'What-If' scenarios and quickly see how overpayments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off overpayments, at any period during the loan. Then watch the total length and cost go down. You may be surprised by just how much!
Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.
5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier."
5-Stars - "...really helped me to compare the different mortgage deals"
*** Highlights ***
Specially designed for the UK market:
√ See effect of regular or one off Overpayments
√ Variable Rates support
√ Include 'Arrangement Fees' in the total payment
√ Full support for fixed 'Initial Rates'
√ Try out various 'What-If' scenarios
√ Email a PDF or HTML of the loan details
√ Charts allow easy visualisation of the costs
√ Make an informed choice by comparing loans
√ Backup & Restore via Dropbox
√ Passcode protection
√ Elegant, simple and powerful user interface
*** Quick Calculators ***
Super quick calculators for instant answers:
√ How much can you afford to borrow?
√ Monthly Payments
√ Money Saving Effect of Overpayments
√ Cost of Moving House
√ Stamp Duty
*** Analyse & Compare ***
Visualise mortgage costs in simple, easy to understand charts:
√ Store details of multiple mortgages
√ Easily see the costs for each year with a slide of the finger
√ Try out various 'What-If' scenarios
√ Extra payments can 'Reduce Term' or 'Reduce Payments'
√ Calculate the 'True Cost', by including Fees, Insurance etc.
√ Support for 'Repayment' or 'Interest Only'
√ Monthly breakdown of costs (Amortisation)
√ Compare up to 4 mortgages side by side
√ Support for 'Introductory' mortgage rate
*** Voted #1 Property App - upack.com ***
"The strongest arrow in its quiver is the way it handles hypothetical situations, letting you analyze all manner of mortgage-related queries, such as how much you can afford to borrow, and a variety of other what-if scenarios..."
Note that multiple currencies are supported!
What's New in Version 2.6.1
Version 2.6.1 is a bug fix release:
- Fix a problem with the Branding Licence upgrade
- Fix a problem switching the Arrangement Fee to be 'Add to Loan'
Version 2.6 has the following new features and fixes:
- UI has been optimised for iOS 7/8
- PDF report has been enhanced, and can now be previewed and printed via AirPrint
- Branding feature allows personalisation of PDF report with company name, logo and details
- CSV Output
- Touch Id option (turn passcode off and on again to activate it)
- Updated Stamp Duty calculations
- Copy existing mortgage by pressing and holding on it
- Added 'Rate' to HTML report
- Option to show amortisation before chart
- Extra Costs marked as 'Pay Upfront' now appear in 'Total' figure
- CMHC option for Canadian users
- Fixed problem with blank PDFs
- Fixed problem with 'Joint' lending criteria
Just what I was looking for
This app allows you to add monthly over payments and variable one off payments to see how it affects your mortgage term. There is also a useful area to plan your moving costs. All in all well worth the £1.49 price.
If I could give this 6 stars I would. I've used this for a few years now and it is a priceless tool. I even emailed the developers to suggest some improvements and they were swiftly made. If only all apps were this good.
Excellent and easy to use
Allows you to run various "what if" scenarios really quickly so you can see effect of overpayments. Simple and easy. Well done to the developers. How an app should be written.
- Category: Finance
- Updated: 20 August 2015
- Version: 2.6.1
- Size: 12.9 MB
- Languages: English, Spanish
- Developer: MH Riley Ltd
- © 2010-2015 MH Riley Ltd
Compatibility: Requires iOS 7.0 or later. Compatible with iPhone, iPad, and iPod touch.