Mortgage News: July 2007

Saturday, July 21, 2007

Facebook API App Explosion... 8 Mortgage Calculators

As everyone knows, Facebook has exploded with the release of the API. In their developer group there is currently 86,925 members already signed up. Facebook had a competition for apps and the winning programmer and his application has had over 130,000 applications installed in less than a month. This explains why there is talk of it being worth for around 6 billion.

We noticed that there was not any mortgage calculators so we programmed a few a for you to install in your facebook account.

Mortgage Calculator - calculates 10-50 yr mortgages both fully amortized and interest only loans.

Side by Side Mortgage Comparison - calculate payments of up to 4 loans side by side at the same time.

Pay Option ARM Loan Calculator - Displays worst case scenario adjustments

Loan Amortization Schedule Calculator - Creates a monthly amortization schedule.

Adjustable Rate Mortgage Calculator - Displays worst case scenario of adjustments for ARM loans.

Blended Rate Mortgage Calculator - Got two loans? Calculate the "blended mortgage rate" of a first and second mortgage to help you determine if you should have a single mortgage.

Home Buying Monthly Budget Calculator - Thinking of buying a home? This calculator helps you calculate your net income monthly income after cost of living bills and mortgage payments.

Real Estate Investment Calculator - Calculates the monthly equity growth of your real estate investment through price appreciation and mortgage amortization pay-down.

Please try them out and provide us some feedback as to the usefulness of these facebook apps. You can access all of these calculators on or site at mortgage-info.com.

We will be keeping on eye on the growth of these types of apps and the impact of it on the mortgage landscape.

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