LoanAmortizer Enterprise Edition
Author: ConsultCommerce Ltd.
LoanAmortizer Enterprise Edition is the most functional and mostcomplete and professional financial tool for loan and mortgage amortization and payment schedule preparation that runs on Windows 95/98/ME/NT/2000 and XP. The program is directed for use by anybody that has a mortgage or outstanding loan at any financial institution around the world. LoanAmortizer Enterprise Edition helps you calculate interest rate, loan/mortgage amount, number of payments, periodic payment amount and any other loan calculations instantly. Once any amortization schedule is prepared it can be saved in a file for future reference, comparison or archive. You can insert any type of balloon payment anywhere in the amortization schedule or prepare a mortgage amortization schedule withthe respective prepaid interest amount and finance charges. The mortgagecan also be amortized in decades but paid in months. You can also prepare amortization schedule, view it and print it in virtually no time. Everything is completed automatically, accurately and is easy and simple to be used and handled. LoanAmortizer Enterprise Editionallows you to prepare and print coupons applicable to each payment in a certain amortization schedule and even print your own coupon book by selecting a special uneven printing order. That uneven print order will later let you cut and make your customized payment coupon book. Canadian Mortgage calculations are also implemented in LoanAmortizer Enterprise Edition, both for mortgage and regular loans.LoanAmortizer Enterprise Edition introduces the following new features and enhancements: Tracking LoansAfter a loan is created (constructed) and all its input parameters are set, it can be saved and the actual payments made later can be entered into the Loan Schedule. You can also enter additional draws and amounts added to the initial principal amount as well as any changes of the interest rate of the loan on dates from the initial loan amortization schedule or any other physical date. Additional payments can also be entered in the schedule on dates other than the ones initially specified by the original loan amortization schedule. All additional changes needed to be done on an already constructed (created) loan are executed directly in the "Loan schedule". Adjustable Rate LoansThe option for changing the interest rate of the loan at a certain date allows the use of the LoanAmortizer Enterprise Edition for creating, servicing and monitoring of Adjustable Rate Loans ( known also as Variable Rate Mortgages). The change of the interest rate, as well as the option of adding additional draws and payments breaks the normal payment plan of the loan the way it was initially set and arranged. A new command for recalculating of the periodic payment and the whole schedule after a certain date is added, to secure the equilazation of the periodic payment amount and the payment schedule to the point of its payoff. Loan ScheduleIn contrast to the other two editions of the LoanAmortizer, The Enterprise Edition shows all transactions that have to be performed or that are already done in the loan schedule. These transactions include the initial draw of the loan, the initially contracted and negotiated periodic payment amounts, all additional draws and payments, interest rate changes as well as the transactions for capitalizing of the interest (if the Amortization method is Actuarial). Escrow accounts and late feesOne of the new features of the new LoanAmortizer Enterprise is the Escrow accounts setup and management with the respective taxes and insurance payments collections. That escrow payments are shown in the amortization schedule in an additional column and are editable since it is highly probable that the clients can bring short payments, be late or bring more money. There is another additional column
File Size: 2.05M
OS: Windows 98/NT/2000/ME/XP
License: Shareware - Time Limit, free to try, $99.00 to buy.
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