Description of Added Irregular Payments Amortization program from Softdepia.com:
Added Irregular Payments Amortization is a wonderful feature-rich powerful software application, an added payment schedule that demonstrates you and your clients the effect of addding payments at different times to reduce the term of a loan and also the amount of the interest to be paid. If you make additional payments you will reduce the term of the loan payments and quit paying much faster. But before resorting to this payment principle make sure your bank or other payment institution credits the amount against the principal of the loan each month! Added Irregular Payments Amortization software application offers the printouts that are quite professional and nice-looking and may be used by financial planners as they contain a "prepared by" area and may be useful for advising your clients on this payment method by demonstrating them the effect this type of payment has on the term of the loan and on the total amount of the interest paid. The software features simple and intuitive interface with lots of powerful features and high stability.
Description of Added Irregular Payments Amortization program from developer:
This program is an added payment mortgage amortization schedule. It may be used to track an existing loan where you have made added payments to the principal amount due each or any month(s) of the loan period. It may also be used to examine the benefits of extra payments for a proposed loan.It may also be used to examine the benefits of extra payments for a proposed loan.
Printouts are professional looking and may be used by financial planners as they contain a "prepared by:" area. This program may also be useful to lending institutions in advising a client on the term of a mortgage.
Added Irregular Payments Amortization is a "Free to try" program. You can download and try it for an evaluation period.
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