Added Payment Amortization+
v1.2
This program is an added payment schedule that demonstrates the effect of added payments to reduce the term of a loan and also reduce the amount of interest paid. By making additional principal payments when paying yourmonthly mortgage, you will reduce the term of the loan and gain equity in your home at a faster pace. If you decide to utilize this method of payment, be sure that the bank or other lending institution credits the amount against the principal of the loan each month. Printouts are professional looking and may be used by financial planners as they contain a "prepared by:" area and may be useful for advising a client on this method of mortgage payment by demonstrating to them the effect this type of payment has on the term of the loan as well as the total amount of interest paid.
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Account Xpress is a personal finance management software for Windows loaded with features designed to help you manage your money quickly and easily. Know where your money goes and stay in control of your finances at all time with Account Xpress.
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Living payday to payday? Can`t get out of debt? Finances in a mess? Try a better way to manage your checkbook. Budget is based on the tried and true "Envelope" method of budgeting - a much easier way to see where your money is.