Loan operations management application suitable for business use. Can also be very useful in any household with active loans.
Loan operations management application suitable for business use. Can also be very useful in any household with active loans. The program helps you calculate interest rate, loan/mortgage amount (Canadian mortgages as well), number of payments, periodic payment amount and any other loan calculations instantly. It also accommodates actual date and payment amount tracking as well as escrow fees setup and actual collection entries in a manual loan amortization schedule. The program allows loan and payment schedule visualization with regular, early or late payments display as well as annual representation of the loan over the years and loan charts for easier understanding and loan details checking. Once any amortization schedule is prepared it can be saved in a file for future reference, comparison or archive. You can 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. 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 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. The program handles multiple amortization methods - Simple (U.S. Rule) and Normal (Actuarial). LoanAmortizer Enterprise Edition can combine any payment frequency with any compounding period. The program supports fiscal year start/end management - this feature allows the users to select the beginning and the end of the fiscal year while printing the amortization schedule