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Variable Rate Mortgage + 1.2
Program Specifications
Publisher's Description of Variable Rate Mortgage +
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" A variable rate mortgage loan schedule. "
- From Bent Tree Software
Confused about "Teaser Rates", maximum annual interest rate increases and maximum interest rate for the term of the loan? This program is a version of a variable rate mortgage loan. This program demonstrates the worst-case scenario of a variable rate loan. This program also allows for an analysis of the effect of different loan rates applied over the length of the loan or it may be used to actually track a loan repayment. Check your forecasting ability with the "What If?" portion of this program.
Printouts are professional looking and may be used by financial planners as the program contains a "prepared by:" area. Financial planners may also use this program to advise a client on the advisability of purchasing this type mortgage as opposed to a standard simple interest loan.
Limitations in downloadable version
Printing capability is limited
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