Most people are not familiar with the process of applying for a loan and paying a mortgage. Our application makes the process easy to understand and most importantly guides user into selecting the best mortgage scenario avoiding high monthly payment and possible default.
Guide to mortgage calculation provides step-by-step instructions to model scenarios such as: Refinance, Fixed rate, Variable rate. Key terms and concepts are explained with the emphasis on giving advantage to the user. Detailed analysis is provided. User can compare results of each strategy by examining estimated monthly payments and payment’s break down into annul amounts paid for interest, principal, tax and private mortgage insurance.
First time buyers will learn details of the mortgage calculation and terminology. Seasoned buyers may discover an advantage that has been overlooked in their previous mortgage calculation experience.
Fixed bug with keyboard for input in Set Scenario screen
Ratings and Reviews
I'm a first time home buyer and was completely lost with the process. My mortgage broker advised me to use this app to help me see the numbers every time I went to open house. I've used it several times so far and it worked just great! I love the idea of seeing all mortgage payments and specifically total interest paid. Wow! You end up paying almost twice the price in interest.
It's an easy to use app, everything is explained. I love that it has percentage or dollar amount down payment option. Most of the buyers have a specific amount set out as down payment. The estimated amounts given turned out to be almost exact as the mortgage payment. I definitely recommend this app for anyone!
Working for Mortgage Company I start use this awessom application in my presentation. It allows display to my client's on IPad or sell phone, mortgage calculation tips, key terms and conceps, rates and refinance, compare results of each strategy I offer.
With Family Sharing set up, up to six family members can use this app.