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LoanAmortizer Enterprise Edition is the most functional and most
complete 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 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. 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 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).
Escrow accounts and late fees
One 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
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