http://www.mw-plus.com - Loan and Mortgage Software

Common specifications, capabilites and features of MSW and MWP mortgage programs.

Selection of payment periods

daily
weekly
bi-weekly
semi-monthly
monthly
bi-monthly
quarterly
semi-annual
annual

Calculate missing variable

payment
duration of mortgage
remaining balance
mortgage amount one can afford
interest rate

Selectable method for calculating mortgages

360 day method (as in books with mortgage tables)
Exact Day factors method based on 365 days/year every year. No interest on February 29.
Exact Day factors method based on actual number of days in the year.

Selection of other compounding periods

US mortgage selection (compounding period = payment period)
Canadian mortgage (compounding period = semi annual)
5 additional compounding periods to do other types of loans.

Amortization schedule editing features

The capability to:

enter lump sum payments. (can be negative too e.g. for legal fees, NSF checks etc.)
enter a series of changed payments.
change dates e.g. for late or additional payments.
enter changes in interest.
do variable rate mortgages.
do draw mortgages.
add/delete footnotes.
add/delete rows in amortization schedule.
Undo edits and to reset the undo starting point.
change font sizes and column width in spreadsheets.

Summary Reports

Report for selected term.
Report for a selectable period showing remaining balance, principal reduction and payment distribution.

Display in Browser

Mortgage Wizard Plus permits you to display the amortization schedule and the various reports in your default browser. Once displayed in your browser, you may wish to print, e-mail and save the amortization schedule or report in HTML format.

Embedded Bonus Programs

Daily Interest Calculator.
Equivalent Interest Rate Calculator.

Customization

If you like to show your own logos on the various windows instead of the MW logo, you can do this by simply adding bitmap files in your Mortgage Wizard Plus folder. See the mwreadme.txt file and/or mwp32.hlp for information on size in pixels and required filenames.