High Voltage Shareware/high1.zip/high1/DIR15/FLAP2.ZIP/README.DOC

Text File | 1993-12-31 | 8KB | 156 lines

                ╔══════════════════════════════════════╗
                ║               F.L.A.P.               ║
                ║ Flexible Loan Amortization Processor ║
                ║     Mortgage Management Software     ║
                ║              Version 2.0             ║
                ╚══════════════════════════════════════╝

                            Copyright 1994
                                   by
                            David L. Storm
                            8697 River Road
                          Sacramento,CA 95832

                          All Rights Reserved

     INTRODUCTION

     FLAP 2.0 is a "Mortgage Processor" which allows easy tracking and
     and extremely flexible editing of standard mortgage loans.  FLAP
     provides for rapid, intuitive creation and editing of loans by dir-
     ect entry onto the amortization list much like you would do on a
     spreadsheet or on a paper ledger.  For existing loans you can enter
     payments each month and maintain a record of the loan on a disk. The
     program will automatically calculate the fraction to be credited to
     principal and to interest and calculate the new balance.  Several
     loan types are available: balloon, fixed rate, variables, graduated,
     and biweekly.

     A variety of reports can be prepared and formatted. Detailed amort-
     ization schedules or summary reports can be prepared and viewed on
     screen, printed, or saved on disk.  For adjustable rate mortgages,
     you can change the interest rate as it is adjusted by your lender.
     You can easily amend a loan in the edit mode.  Any changes made will
     update the loan status automatically.  You can create hypothetical
     loans and explore varying conditions in case you are considering a
     loan or refinancing your current loan. You can experiment with
     existing loans to see the effects of changing interest rates or in-
     creased payments. The results will be instantly displayed on screen
     in a spreadsheet-type environment.

     FLAP 2.0 provides two calculators.  The pop-up calculator can be
     called on screen at any time and works much like a small spread-
     sheet. With the calculator you can very quickly explore the inter-
     dependences of balance, term, interest, and payments under various
     conditions.  The matrix calculator can carry out as many as 170
     calculations at the same time and present the results on a 2x2 table
     relating loan amount, payments, terms, and interest rates.  In all,
     12 different matrix formats are available for viewing, printing, and
     saving.

     HELP SCREENS

     The on-screen help will answer most basic questions  about  running
     the program. The context-sensitive help screens are fairly detailed,
     offering field-by-field guidance when entering data. Many of the
     error messages are also backed up with help screens. Just press <F1>
     when in an operation to learn how to use it.  For example to learn
     about editing a loan's amortization table, choose "EDIT" from the
     Main Menu and then choose "Amortization List" (after you have created
     or loaded a loan). When the amortization table appears on the screen,
     press <F1> to see how to edit it.

     REQUIRED HARDWARE

     FLAP requires a 640 K PC, XT, AT, 386, 486, Pentium or compatible
     computer with at least one floppy disk drive and which is equipped
     with a monochrome, CGA, EGA, or VGA monitor. A large number of double
     precision calculations are carried out when a large loan is created.
     Although not required, the best performance will be seen with a 386,
     or higher, computer equipped with a math chip.  If reports are to be
     printed, a printer connected to a parallel port of your computer will
     be required.

     CHANGING VIDEO MODE

     The video mode is initially set for a color EGA/VGA monitor. If you
     have monochrome or CGA monitor, run the video set program, "VSET.EXE"
     included with the files and choose the proper video mode from the menu.

     INSTALLING AND RUNNING FLAP

     FLAP can be run directly from a floppy disk.  To start FLAP, go to
     the floppy disk prompt, type "FLAP", and press <ENTER>. To install
     FLAP on a hard disk drive, copy all of the files in this package into
     a directory of your choice on the hard disk drive.  To start the pro-
     gram, make sure that the video mode is properly set (see above), go
     to the FLAP directory, type "FLAP", and press <ENTER>.  If any of the
     files on the disk (listed below) are not copied to the hard disk
     drive, FLAP may not operate properly.

     FILES IN THIS PACKAGE

     FLAP.EXE......Main executable program
     VSET.EXE......Video setup program
     SET.DAT.......Setup data file for video, criteria, colors, and reports
     PTR.DAT.......Data file for printer escape codes
     *.HLP.........Eight help files
     HELP.IDX......Index for help files
     *.FLP.........Five example loan files
     README.DOC....Documentation file
     REGISTER.DOC..Registration form

     LIMITED WARRANTY

     FLAP 2.0 is meant to serve only as a means to track the general
     status of mortgage loans and to provide approximate information on
     mortgages.  This software is provided as is.  The author provides
     no warranty with this package and makes no guarantee or any other
     claim in regard to the accuracy of the software or its represent-
     ation of real mortgage loans.  If you rely solely on this software
     to evaluate mortgages, you do so at your own risk. The author is not
     responsible for any loss or damages caused, or alleged to be caused,
     from its use or attempted use, including loss of anticipated pro-
     fits, interruption of service,or loss of business.

     The author does warrant to registered users that the media upon
     which the product is recorded will be free of defects and that the
     program will run on the equipment configuration described herein for
     a period of ninety (90) days from the date of delivery.

     The author's sole liability shall be replacement of a defective disk
     within 90 days of delivery provided the registered user returns the
     defective disk and proof of registration.

     DISTRIBUTION

     FLAP 2.0 is SHAREWARE.  You may freely distribute this fully working
     version of the program.  You may not modify any of the files, except
     as provided through the normal operation of the software. Any other
     modification can render FLAP nonfunctional. All of the original files
     provided in this package shall be included, unchanged in any distri-
     bution, and this notice must remain intact.  The author retains all
     rights to this software.  Sale of this product by anyone other than
     the author is forbidden without the express permission of the author.

     I welcome any comments or suggestions from registered or nonregis-
     tered users.  Suggested improvements and bug reports will be espe-
     cially appreciated.

     NOTICE TO UNREGISTERED USERS

     If you are an unregistered user of FLAP, please send $30.00 to become
     registered.  This will ease your conscience for taking advantage of
     my labor, and encourage me to provide new, and hopefully improved,
     versions in the future.  Most important, you will be sent a 60 page
     illustrated FLAP 2.0 User's Manual which provides more details and
     hints for using the software .  The manual,alone is worth the $30.
     Additionally, you will be sent the most up-to-date version of FLAP
     with any recent changes or bug fixes, so don't wait another day.
     Register now!  Just complete the registration form in REGISTER.DOC
     and mail it in today with your check.

     Thank you for using FLAP 2.0.

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