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  15 vs 30 Year Mortgage + v2.1

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15 vs 30 Year Mortgage +
Review

Program Description: 15 VS 30 YEAR MORTGAGE
This program is a version that allows you to compare a 15 year
mortgage with one for 30 years. It will run under
Win 95, 98, Me, NT4, XP & 2000. Printouts are professional looking. More»

InfoDownload
CompanyBent Tree Software
LicenseShareware
price$8.00
Size1.18 MB
LanguageEnglish
Date Added02/24/2008
Date Update02/24/2008
Site URLhttp://www.benttreesoftware.com/mortgage.htm
Keywords

personal finance mortgage loan amortization compare loans software shareware personal finance compare loans

Review

Program Description: 15 VS 30 YEAR MORTGAGE
This program is a version that allows you to compare a 15 year
mortgage with one that has a duration of 30 years. It will run under
Win 95, 98, Me, NT4, XP, & 2000. If you itemize deductions, then you know the
IRS allows you to deduct mortgage interest. This subsidizing of a
mortgage means you can receive credit for the increased interest you
pay on a 30 year loan. The basic premise of this evaluation is that if
the buyer could afford the monthly payments for the shorter term (and
would invest the difference in monthly payments according to the
instructions), at certain rates of return on the investment it would be
more advantageous to obtain the 30 year mortgage. Printouts are
professional looking and may be used by financial planners as they
contain a "prepared by:" area. This program may also be useful to
lending institutions in advising a client on the term of a mortgage.

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