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1993-01-18
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THE SMART HOMEOWNER Shareware Version 1.0
Copyright (c) IEG Consultants December 1992
All rights reserved
BRIEF DESCRIPTION OF THE PROGRAM
Save big bucks by reaching the right home buying, renting or selling
decision! Buy or rent, sell or rent, smart prepayment, loan choices, home
equity options etc. are analyzed in an intuitive, easy-to-follow manner.
Features adjustable rates and data saving options, with full on-line help.
OVERALL DESCRIPTION OF THE PROGRAM
THE SMART HOMEOWNER is intended to help you make the right decision on
the various financial choices you face in the process of buying or owning
your home. With its help, a few hours of analysis/what-if's could save you
many hundreds of times its $34.95 registration fee. Features such as buy or
rent, loan choices, prepayment options, PMI removal, home equity options and
refinancings are handled in an easy-to-use manner understandable to the
layman. You can analyze financial projections based on user-selectable
historical variations in key interest rates. Complete on-line help feature.
MINIMUM CONFIGURATION TO RUN PROGRAM
IBM PC or compatible running MS-DOS 2.0 or higher, 520K disk, any monitor.
Hard drive installation is recommended for faster access.
STARTING THE PROGRAM
Type HOME at the DOS prompt.
PLEASE READ LICENSING AGREEMENT
The licensing agreeement between you, the user and IEG Consultants is
detailed in the file LICENSE.DOC. Please review it carefully. If you do not
agree with its content, please do not use this program. Instead, kindly pass
on this copy of the program to a friend who may have a need for its
functionality.
FUNCTIONAL DESCRIPTION OF THE PROGRAM
THE SMART HOMEOWNER is designed to answer the 12 most common decision
problems facing the homeowner or prospective homeowner. Assumptions, if any,
in the analysis is clearly described.
- Given my finances, what is the maximum price of a home that I can afford ?
- Should I buy a home or should I rent the home ?
- Given a mortgage loan, what will my payment structure look like ?
(amortization tables)
- Which of two loans should I choose over a certain time horizon ? What if I
extend/shorten my time horizon ?
- How much should I prepay my mortgage so that I can end my mortgage loan by
a certain date ?
- Reverse mortgage amortization
- Should I prepay enough to my mortgage balance to eliminate PMI ?
- Should I refinance an existing loan ?
- Should I assume an existing mortgage or take out a new one ?
- Should I take out a home equity loan or refinance to a larger first
mortgage ?
- Should I sell my home or rent it ?
- What is the true interest rate on my mortgage loan ?
PLEASE SUPPORT THE AUTHOR THROUGH REGISTRATION
The shareware system depends on you, the user, to register this program if
you wish to keep it. Please remember that I, the author, am not compensated
for my work unless you register. The benefits of registration are displayed
on an intermediate screen while running the program. If you think that this
software might make a sensible gift to a client/friend/loved one, the
registered version will be tailored to include your gift message.
Using this program to guide your decision should save you thousands of
dollars. The cost of registration is only $34.95 + $4.00 (S&H). Multiple
site licenses are also available. Please use the registration form (press F1
on the registration benefits intermediate screen) in the program, or use the
form in file REGISTER.DOC.
SUMMARY OF PROGRAM FILES
HOME.EXE - Executable file that runs the program
README.1ST - Description/details of software (this file!)
MANUAL.DOC - User manual text file
REGISTER.DOC - Registration form to order a registered version
FILE_ID.DIZ - Brief description of the program
DESC.SDI - Brief description of the program
LICENSE.DOC - Licensing agreement between user and IEG Consultants
The files below contain historical variations in key interest rates
6MTB.DBF
6MTB.NTX
1YTB.DBF
1YTB.NTX
6MCD.DBF
6MCD.NTX
PRIME.DBF
PRIME.NTX
1YTBOND.DBF
1YTBOND.NTX
3YTBOND.DBF
3YTBOND.NTX
11DCOF.DBF
11DCOF.NTX
FHAPL.DBF
FHAPL.NTX
The files below store the user saved scenarios
SCENARIO.DBF
SCENARIO.NTX
*.MEM
AUTHOR'S NAME AND CONTACT ADDRESS
I hope that you will find this program friendly and useful. You are
sincerely invited to write or call if you have any comments or suggestions
on the program. If you do call, please try me between 7 and 10 pm PST when I
am likely to be available.
Anjan Ghose
IEG Consultants
PO Box 26931
San Jose, CA 95159
(408)294-7631
THANK YOU for supporting the shareware concept and for considering THE SMART
HOMEOWNER.