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NordTech's Mortgage Tool
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Contained in NordTech's Financial ToolBox for Professionals
is the Mortgage Tool
Have you ever needed to do a quick calculation for a mortgage
or loan - for a house purchase or to analyze whether to change
your mortgage? Did you have to do numerous calculations on your
desk calculator or develop a lengthy spreadsheet schedule, or
search for your mortgage tables book? NOW, NordTech offers the
perfect tool - a Windows based mortgage and loan calculator,
called 'NordTech's Mortgage Tool'.
Features:
- An attractive interface provides all the
information that you need. You can specify the mortgage
balance, interest rate, payment amount, payment period in
months, and the final balance. The Planner completes the
missing information. For example, if you decide to pay
off your mortgage in 5 years, the Planner calculates the
monthly payment amount for you.
- Extensive range of mortgage and maturity balances,
interest rates and payment periods and amounts. The
Planner uses both the left and right mouse buttons to
make the software rich in choices.
- Fast Results: The interface enables the user to
quickly change all the variables many times to determine
what is the best financial decision, without ever having
to touch the keyboard.
- Easy to understand and easy to use. Excellent
on-line help. Easily solve these problems:
- What are the mortgage balances after 5 years
under mortgage A, B, and C?
- What monthly payment is needed to pay off the
mortgage in 10 years?
- I have $1000 to spend each month. What size
mortgage can I assume?
- How will interest rates affect my mortgage
maturity date or my monthly payments?
- How much will this mortgage end up costing me by
the time it is paid off?
- What difference will an extra $50 in payments do
to the length of the mortgage? (Plus information
in the Help file that will help you find the
extra $50 in your monthly budget)
- What is the actual interest rate charged on this
loan (like car leases)?
- And much, much more.
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