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Mortgage Prelude 2.5.3
Posted by Someone on 15.02.07Cheap software

Mortgage Prelude 2.5.3 info: Mortgage Prelude will save you countless time and hassle by determining how much of a loan you are qualified for BEFORE you ever have to fill out a loan application. Mortgage Prelude will use the guidelines set forth by the Federal National Mortgage Association (also known as Fannie Mae) to easily determine the loan amount you are qualified for.
In fact, the Fannie Mae Guidelines are likely the same ones your lending company is using. Mortgage Prelude will make the process of obtaining a loan as easy and quick as possible for you.
Whether you want to compute your monthly payments, determine the amount of interest you will pay, estimate your total closing costs, generate an amortization schedule, or you want to go a step further and analyze what type of loan you can realistically apply for, the program will conveniently guide you through the process.
The pre-qualification system built into Mortgage Prelude is accurate because there is a strong chance that your lender will want to have the option of selling your mortgage on what is called the secondary market for mortgages. (In fact, many lenders will have your loan sold before you make your first mortgage payment.)
The two largest buyers of loans on the secondary market for mortgages are Fannie Mae and Freddie Mac and, thus, those two entities generally set the standards for home loans. Thusly, your lender will likely want to make sure that the loan they give you fits the industry standards so that they can sell your loan.

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