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Cream of the Crop 1
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Cream of the Crop 1.iso
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BUSINESS
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HBR20.ARJ
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READ.ME
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1992-04-15
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Homebuying and Refinancing 2.0
1) Overview
Homebuying and Refinancing 2.0 is much more than just another loan
amortization program. Its comprehensive financial analysis of buying
or refinancing a home, or prepaying an existing mortgage can help
homebuyers and homeowners save thousands of dollars. Perspective
homebuyers will find the program's analysis of buying a home versus
renting indispensable. Real estate agents can increase the level of
service they provide to their clientele by using the program to create
quick a nd accurate homebuying analysis reports.
Homebuying and Refinancing 2.0 is the premier home purchase analysis
program designed for the homebuyer, homeowner, or real estate agent.
For the homebuyer the program determines total yearly and monthly costs
(PITI, points, and expenses), after-tax costs, and present value costs
for several types of loans including fixed and adjustable rate. The
program also rates a homebuyer's chances of loan approval and compares
the cost of buying a home versus renting. For the homeowner the
program helps evaluate the financial consequences of making prepayments
or refinancing an existing loan. Refinancing results include
calculation of monthly payment savings, total present value savings
over loan life, and break-even times for a wide range of interest rates
and points. For the real estate agent, the program produces a
professional looking package of clear and straightforward results with
a customized cover page.
Homebuying and Refinancing 2.0 is an easy-to-use menu driven program
with pop-up pick lists, context sensitive help, and an on-line users'
guide. Many of the program's data items have default values which the
user can accept or easily change. Although the program contains the
most recent IRS tax parameters, the user can change these items so the
program's tax calculations stay accurate in future years without the
need for yearly updates. Additionally, a user can change the program's
loan qualification criteria to account for variations between regions
of the country and lending institutions. The program also allows a
user to save and recall cost analysis data to disk (several sample data
files are distributed with the program). The program will run on any
IBM-compatible PC with at least 256K of available memory. The
shareware registration fee is $30.
Homebuying and Refinancing 2.0 represents a major upgrade to my
previous program, BuyAHome 1.4. Although BuyAHome 1.4 has been rated
the best home purchase shareware program on the market (PsL News review
of similar programs, 9/90), my new program is greatly expanded in both
usefulness and functionality. The major enhancements found in the new
program include: analysis of refinancing, analysis of buying versus
renting, escalation of income, file saving and recalling of data and
results, pop-up pick lists, customized report cover page, and user
definable loan qualification criteria. If you have any questions about
Homebuying and Refinancing 2.0 please write or call Tim Byers at the
address or phone number listed throughout the program or send a
CompuServe mail message to 73757,1256.
Homebuying and Refinancing 2.0 is distributed as a shareware (try-
before-you-buy) program. If, after a reasonable testing period, the
program proves useful to you then you are required to either register
the shareware version or order the retail version. To find out how to
register Homebuying and Refinancing 2.0 and the benefits for doing so,
please select the appropriate option from the main menu screen.
_______
____|__ | (tm)
--| | |-------------------
| ____|__ | Association of
| | |_| Shareware
|__| o | Professionals
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|___|___| MEMBER
This program is produced by a member of the Association of Shareware
Professionals (ASP). ASP wants to make sure that the shareware
principle works for you. If you are unable to resolve a shareware
related problem with an ASP member by contacting the member directly,
ASP may be able to help. The ASP Ombudsman can help you resolve a
dispute or problem with an ASP member, but does not provide technical
support for members' products. Please write to the ASP Ombudsman at
545 Grover Road, Muskegon, MI 49442-9247 or send a CompuServe message
via CompuServe Mail to ASP Ombudsman 70007,3536.