The Banker's Secret Software       business/loans/mortgages
Reduce Mortgage Payments using Banker's Secret
 
Microbytes Daily News Service
Copyright (c) 1989, McGraw-Hill, Inc.
The Banker's Secret Software, a program helpful for people with
long-term loans such as a home mortgage, calculates how much
money you can save over the years using the prepayment option,
the practice of paying more each month than required by your
loan agreement. The program can calculate for you how much
money in interest you can save and how many mortage payments
you can eliminate using prepayments.
 
The program lets you use What-if analysis on how much money you
can save using different prepayments. You can also use its
What-if analysis capabilities to determine how much additional
money you must pay above your normal monthly payment to reduce
the term of a loan (e.g., from 30 years to 20 years).
 
The Banker's Secret Software works with any kind of loan, but
its developer says it saves the most money for people with long
term loans. The program runs on the IBM PC with 256K bytes of
RAM.
 
Price: $29.95
 
Contact: Good Advice Press, Box 78, Elizaville, NY 12523, (914)
758-1400.
 
                              --- David L. Andrews
 
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
