Miami, Florida Jun 22, 2021 (Issuewire.com) - Calculating your own mortgage or loan pay-off can be extremely tricky. Payments and income can vary a lot during the course and it is imperative to stay ahead and plan well in advance, in order to ensure any lapses. Most people are not very well aware of their long-term payment schedule and often end up in unwanted difficulties. However, a brand-new website is looking forward to helping individuals be able to keep full tabs on their mortgage, called Paying Down Mortgage Calculator (PDMC).
PDMC came up with this idea when they found out how comparing lengths, loan amounts, savings, and rates can be pretty frustrating or hard at times. The whole purpose of this interactive calculator is to give people the ability to both views and compare everything related to mortgages. It is in an effort to help people calculate and estimate their own mortgage payments easily, and plan ahead accordingly.
According to the creator of the website, the calculator can be used for mortgages, estimating pay-off with larger payments, and also to estimate payments on student loans and other types of debts.
We spoke to the owner in detail about what exactly lead him to the creation of the calculator:
"We believe that making a calculator which is both completely free and incredibly simple to use is ideal for all such individuals looking to pay off their mortgage as fast as they possibly can. In the same way, our calculator can also be used by people looking to buy a house or pay off other kinds of bank loans. The idea is to give people the freedom and understanding to assess, estimate and plan their mortgage payments with freedom."
The most interesting part about our calculator is how it is not only limited to mortgage loans, as people are free to use it for any type of loans".
Paying Down Mortgage Calculator
Source :Paying Down Mortgage Calculator
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