MaxMortgage 1.2
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How much house can you afford? You might be pleasantly surprised.
MaxMortgage is an easy to use loan qualifier for either a variable or fixed rate mortgage. This program uses the same "ratios" method used by your "friendly banker" to determine how large either a fixed rate or variable rate mortgage you can expect approval for.
Principal, interest, homeowners insurance, and taxes (PITI) are included in the analysis. Printouts are professional looking and may be used by financial planners as the program contains a "prepared by:" area. The program may also be useful to small mortgage lenders to pre-qualify potential borrowers. For the potential home purchaser, the program quickly shows them how much house they can afford based on income, and existing indebtedness.
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