Long before, finding and buying a house is difficult and complicated. Aspirant homeowners must invest a tremendous amount of time in reviewing home listings just to find the one that they are looking for. And even with the help of real state agents, it still takes some time before they get into a deal. Another challenge people facing before is their mortgage management when it comes to paying their respective mortgages on time. However, the good thing is, those days are over. Thanks to the never-ending changes into our technology, we could now enjoy these mortgage management apps that can lessen the burden of managing our monthly mortgage payments.
Mortgages Pro App
This type of mortgage management apps is almost compatible with every mobile device. It can provide you with a clear picture of how much your monthly mortgage payments should be by entering the home purchase price, the down payment amount you have given, the interest rate your lender has set together with the loan term, the current property tax rate, insurance if any, and various other fees and expenses.
Mortgage Payoff Track App
The good thing about this app is that it can be installed both on mobile and desktop computers. It is an excellent tool for visualizing the whole mortgage process. It also comes with a feature that displays the declining principal balance using graphic charts as time goes by with every payment you have made. It also adds a fantastic feature that one can conceptualize various “what-if” scenarios such as increasing their monthly payments or what if they make a one-time lump-sum payment depending on their current and future financial.
A good read: The pros and cons of paying off your mortgage early
Mortgage Mentor App
Similar to the app mentioned above, mortgage mentor also offers payment tracking and planning tools. However, this app has a unique function that caters explicitly to adjustable-rate mortgage (ARM) loan, useful enough to calculate all-year payment.
Mortgage Calculator App
This app is perfect for those who have not yet applied for a mortgage loan. It shows you what should be the ideal income of a person when applying for a specific loan and how much would be the monthly payment. It helps you to decide on whether your current finances are fit for a loan.
Loan Calculator Pro App
While this app also offers what other apps can offer, it comes with a feature that not all other apps have, the payment reminder feature. It consistently provides a reminder of your mortgage dues so one can avoid penalty due to late payments.
Bill Payment Log App
This app, on the other hand, provides a clear report of your monthly mortgage payments starting from the first month. It also comes with a budgeting tool that enables homeowners to keep track of their payment obligations even if they have a busy schedule.
There you have it. When the time comes that you have decided to engage in the best mortgage lenders in Houston Texas, don’t forget about these useful mortgage management apps that will surely make your life easy.