By SnowBourne LLC
Open iTunes to buy and download apps.
If you are in the market to buy a home, Loan Agent is the must have App in the App Store!
With Loan Agent, you'll feel like you have both a Mortgage broker and a financial advisor in your pocket!
Loan Agent allows you to input all your financial information that will determine your Mortgage buying power.
1. Annual Salary and State in which you are employed
2. Monthly debts (i.e. Car Loans, Student Loans, Credit Card Payments etc.)
3. 401k Contributions
3. Tax information
With this information, Loan Agent will provide you with a loan pre-approval, outlining how big a mortgage you qualify for. Loan Agent will also help you understand how your monthly debts affect your buying power. It can even show you how you can increase your buying power. Loan Agent will show you the calculations that a Loan Broker will use to calculate your Pre-Approval. All from the comfort of your iOS Device!
Loan Agent also allows your to specify mortgage information for any home including:
1. Purchase Price
2. Down Payment
3. Interest Rate
4. Loan Length
6. Property Tax Rate
Loan Agent will walk you through every step with valuable information to help you input all your information. You will feel like you have someone by your side to guide you through the process. All information is saved, and ready every time you launch the app! All information is kept secure and is not shared or disclosed.
Loan Agent will provide you:
1. Amortization Tables
2. Loan Graphs
2. A full breakdown of your Monthly Mortgage Including:
i. Principle and Interest
ii. Private Mortgage Insurance (PMI)
iii. Home Owners Association Fees (If Applicable)
v. Property Tax (we'll help you if you're unsure)
Loan Agent will breakdown your monthly salary, all your current debts, taxes, and your mortgage to provide you a realistic budget to help take the guessing out of buying a home. This is information not even a loan broker could provide you!
Ever wonder how making extra payments can affect your mortgage? Loan Agent will show you how much time and money you'll save by making extra payments on your mortgage each month. You can see your mortgage breakdown each month in either an amortization table, or as a graph.
Ever wonder how owning your home can affect your taxes? Loan Agent will help you with that too! Loan Agent will show you how much state and federal taxes you would normally pay without a home, as well as how much you will be paying with a home. Your Interest on your loan, your PMI, and your property taxes are all tax deductible.
Ready for a realtor? Request a realtor in Loan Agent, and we will do all the research and find you a highly rated Real Estate Agent in your area! Take the guessing out of finding a realtor and let us do the work for you.
Loan Agent is the one-stop shop for all things Mortgage. No other app provides this level of information and guidance to help you buy your home! Loan Agent is for the savvy consumer who wants to have all the information necessary to make an informed decision when buying a home. This app is a must!
What's New in Version 1.3
Fixed HOA Bug
Good app, bad crash
This is a very nice all-in-one app that is very much worth the cost. It allows many what if situations for a person to explore. The only issues is the program crashes when you try to view the amortization charts. This seems to have been reported many times, but the authors have not fixed the issues as of the date of this review. Please fix and I would be happy to give the app five stars.
Still needs work, but not terrible
Why can I only go out 1 decimal place for my mortgage interest rate? Also, the HOA amount doesn't specify the unit of measure. Is it monthly, yearly, etc? Can you also make the property tax field able accept a dollar figure and not just a tax rate?
Great but crashes
This is a great app, but it still crashes when you ask for a tax breakdown. Someone needs to fix it already.
- Category: Finance
- Updated: Sep 13, 2011
- Version: 1.3
- Size: 2.5 MB
- Language: English
- Seller: SnowBourne LLC
- © Snowbourne LLC 2011
Compatibility: Requires iOS 4.0 or later. Compatible with iPhone, iPad, and iPod touch.