Mortgage CALC is a mobile phone application. The application has in built advanced functionalities to calculate the loan for a given piece of property for a given time. It has all the function of a normal calculator but it also has some special functions. It allows people to calculate interest rate options for the various types of loans. It allows the process of making complex calculations fast and an easy one. It allows you assess the various offers available in the market.
The fields in the application are Loan, Term, Price, Interest rate and fee.
The key features of the application are:
• It is a lightweight application and requires less system resources.
• It has a user-friendly interface.
• It can calculate the interest compounded quarterly, half-yearly and annually. It can calculate the interest for a given day or a week.
• It also has an option for the time period in which loan will be payed off that is it can calculate the EMI.
• It can calculate the interest for a given amount.
• It can show the various graphs and charts.
• In can make the loan fee calculation on a monthly, quaterly, half-yearly and an annual basis.
• It allows you to compare various offers. It allows you to check the best way in which you can repay your debt.
The system requirement for Mortgage CALC is a windows mobile smart phone 5 or 6. The setup required for installing the Mortgage CALC application can be downloaded free of cost. The download link Mortgage CALC application version 1.5 is given below:
Download Mortgage CALC
Overall, it is a good application for people who need to calculate the simple interest, compound interest and EMI etc. The tool is a good one for lenders as well as users.