Early Mortgage Payoff 1.63

Editor's Review: Early Mortgage Payoff by PC Shareware, Inc.

Early Mortgage Payoff is a valuable software application developed by PC Shareware, Inc. that aims to help users save money by paying off their mortgages ahead of schedule. This tool provides users with the capability to input their mortgage details and explore different scenarios to see how making extra payments or adjusting payment schedules can impact the overall time and cost of their mortgage.

Key features of Early Mortgage Payoff include:

• Mortgage Analysis: Users can enter their loan information such as loan amount, interest rate, term length, and current payment schedule to get a comprehensive analysis of their mortgage.
• Extra Payment Options: The software allows users to input additional payments to see how it can shorten the life of the loan and reduce the total interest paid.
• Amortization Schedule: Users can view an amortization schedule that breaks down each payment, showing how much goes towards principal and interest over time.
• What-If Scenarios: Users can experiment with different scenarios like increasing monthly payments or making bi-weekly payments to see the impact on the mortgage term and savings.
• Savings Calculation: The application calculates the total interest saved and the overall time saved by implementing various early payoff strategies.

Early Mortgage Payoff is a useful tool for homeowners who want to take control of their mortgage and explore ways to save money in the long run. By providing detailed analysis and various scenarios, this software empowers users to make informed decisions about their mortgage payments and potentially save thousands of dollars in interest.