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LoanAmortizer Enterprise Edition
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Version
4.1
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
with the respective prepaid interest amount and
finance charges. The mortgage can 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 Edition
allows 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. LoanAmortizer Enterprise Edition
introduces the following new features and
enhancements: Tracking Loans After 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 Loans The 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 Schedule In 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). Network Support LoanAmortizer Enterprise
Edition has a network supporting functions with file
locking module that makes it ideal to work in a
Network Environment where many copies of the program
on different computers share one location for
LoanAmortizer working files keeping. Completely New
Application interface: The main operational window of
the LoanAmortizer Enterprise Edition always shows one
of the three loan descriptive pages: Loan schedule -
Displays the schedule of the loan transactions and
allows easy and precise entering of additional
information, draws, payments and interest rate
changes. Annual schedule - Displays summarized
schedule of the loan transactions by years. Loan
charts - Displays loan charts for better visualization
of the ratio "Interest" to "Principal" of the loan as
well as the basic loan structure and details. The
input and output parameters of the loan are separated
in two different windows, which can be displayed from
the "View menu". They can be used and set as separate
stay-on- top windows, they can be "dragged and
dropped" anywhere around the main operational window.
LoanAmortizer Enterprise Edition is one of the few
loan amortization and schedule preparation programs
that complies with the provisions of the complete U.S.
Regulation Z, and especially Appendix J, regarding
interest calculation. LoanAmortizer Enterprise Edition
handles multiple amortization methods - Simple (U.S.
Rule) and Normal (Actuarial). LoanAmortizer Enterprise
Edition can combine any payment frequency with any
compounding period.
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