Mortgage Calculator - How Financemate Beats BBC Mortgage Calculator
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Mortgage Calculator - A Plug and Play Solution to Mortgage Calculation !
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- Mortgage Calculator
- For Your Sweet Homes
- Mortgage Calculator
- No one wishes to involve himself in the complications of the tedious calculations. However, if you are looking for a mortgage loan, this becomes a part and parcel of your loan process. But, there is a solution for you.
A Mortgage Calculator Over the BBC Calculator
Not all mortgage calculators' help you work out with the same ease. Let me put down my experience of how I could draw a difference while calculating the instalments of my loan with Financemate calculator as against BBC calculator.Amortisation Schedule: The Financemate produces Mortgage Calculator an amortisation schedule which is most important advantage of this calculator over the BBC mortgage calculator. The schedule produces a very clear picture (month by month) about the payments or cash flow of the borrower over the tenure of the loan selected. For example, if I input,
Use Free Financemate Mortgage Calculator - When compared to BBC Mortgage Calculator, The Financemate Mortgage Calculator estimates the cost of individual agreements and make your decisions quicker and easier. It also helps to show monthly mortgage repayments and interest costs.
Calculator Output
I will get the following output, month by month, year by year payment schedule. So I can judge whether I will be able to repay so much amount per month from my income or salary. CSV File Option
The second most important benefit is that the schedule produced by the Finance Mate calculator also provides the option to save the schedule in a CSV format which is again editable, the other advantage of CSV format. There is no such facility available in the BBC Mortgage Calculator of a payment schedule and hence CSV saving facility. Input Explanation
"We must make our homes centers of compassion and forgive endlessly. ~ Mother Teresa"
No Barriers on Period Or Term of Loan
Unique Features of Financemate Mortgage Calculator
-Helps in identifying the correct combination of rate and tenor which suits your need and capacity to repay with the handy amortization schedule feature.
-Provides the flexibility by giving the option of saving the schedule in an editable CSV file.
-Easy to understand with the simple input box which is clearly explained on the website. Hence, even a layman does not need to worry.
-The interest only calculator specially designed to suit the needs of those who choose to pay only interest during the loan tenor and principal at the end of the tenor.
-The wonderful tool of additional Payment Calculator helps you draw a clear picture of interest savings on the bulk payments after a specific period of loan.
-Working backward is not a problem with the APR calculator and borrowing calculator assisting you to find how much can you borrow for a payment that suits your pocket and how much is the effective rate that you would be paying for an option selected.
-Hence, choose the right tool which has all the features including ease, flexibility and hassle free results. The one that you select should be able to assist you in understanding you loan and repayment structure, should help you to understand and compare several options available.
Here's my favorite link:
New Guestbook
msbaby wrote...
Very helpful! I wish that more homeowners had used tools that were at their disposal before jumping into mortgages that overloaded them financially. Thanks for stopping by my lens and I hope to see you again. msbaby
Posted November 14, 2008
a_willow wrote...
This lens entered Fresh Squid Contest for November as one of the lenses that has been featured on Fresh Squid group during October!
Posted November 02, 2008
emilyava wrote...
Excellent lens. Nice mortgage features. These features are helpful for the people. 5* lens.
Posted October 23, 2008
RyanRE wrote...
I like your mortgage calculator lens Nancy. Thanks for adding it to the commercial real estate group.
Posted October 22, 2008
24websurf wrote...
Very Cool lens! Thanks for joinging "How Do You Save" and Welcome!
Posted October 20, 2008
