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Windows Business Accounting & Finance

15 vs 30 Year Mortgage + 1.2

Download 15 vs 30 Year Mortgage +
Buy 15 vs 30 Year Mortgage + 1.2
Rating: 0.0/5 (0 votes)
 
  Downloads : 1
  Size : MB
    Publisher : Bent Tree Software | Other programs by this author
  License type : Shareware  
    Price : $12.00
  Last update :
March 04, 2008
Minor Update
 
    OS : Win95, Win98, WinME, WinXP, Windows Vista Home Basic, Windows Vista Business, Windows Vista Ultimate    
  Requirements : No special requirements.  
    Screenshot :    
   
 
   
Description (English) :
   

Program Description: 15 VS 30 YEAR MORTGAGE
This program is a version that allows you to compare a 15 year mortgage with one that has a duration of 30 years. If you itemize deductions, then you know the IRS allows you to deduct mortgage interest. This subsidizing of a mortgage means you can receive credit for the increased interest you pay on a 30 year loan. The basic premise of this evaluation is that if
the buyer could afford the monthly payments for the shorter term (and would invest the difference in monthly payments according to the instructions), at certain rates of return on the investment it would be more advantageous to obtain the 30 year mortgage. 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.

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