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Variable Rate Mortgage +
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Version
1.2
Program Description: VARIABLE RATE MORTGAGE
Confused about ""Teaser Rates"", maximum annual
interest rate increases and maximum interest rate for
the term of the loan? This program is a 16 bit version
of a variable rate mortgage loan. It will run under
Win 95, 98, Me, NT4,2000, & XP. 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.
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