Released on: 2, June 2007
, Author: Amortization Solutions
, Audience: Software related
Stratford, CT Â December 9, 2005 Â Potential borrowers now havea new place to turn when seeking financial lending assistance. Amortization-Calc.comrecently made its Internet debut with the aim of arming would-be borrowers with theinformation they need to make solid loan decisions. With a user-friendlyamortization schedule calculator built right in, the site affords visitors thecapability of simply plugging in their loan details and instantly receiving anat-a-glance breakdown of their repayment schedule. Individuals who are consideringor are in the process of comparing lending institutions will find plug-and-clickassistance online at www.Amortization-Calc.com.
Af ter years of remaining in the attractive 5% window, interest rates are now on therise, with no end in short sight. According to a recent, Los Angeles Times article,economists predict that 30-year mortgage rates will hit 7% as soon as late 2006.According to a December 2, 2005, BankRate.com weekly national survey of largelenders, the current average 30-year fixed rate mortgage just increased from 6.32%to 6.36%. As a result, money borrowers are becoming more selective in their choiceof lenders. Now more than ever, theyÂ're embracing the concept of comparativeshopping and doing their homework before signing on the dotted line.
Amortization-Calc.com makes shopping around for the best loan schedules as simple asplugging in a few numbers and pressing the  Calculate button. With the loan amounttheyÂ're seeking, potential lendersÂ' current interest rates, the desired loan termand the loanÂ's start date at the ready, visitors to the site can quickly discover,by month or by year, precisely how much of their repayments will go toward interestversus principal and what the balance of the loan will be following eachinstallment.
The breakdown process is rather eye-opening and can save the would-be borrower fromthe  sticker shock associated with signing a loan agreement before first doing hisor her repayment homework. For example, Amortization-Calc.com reveals that a 30-year$100,000 mortgage at the current average interest rate will result in a repaymentschedule totaling $224,240.10, meaning that over the course of the loan, theborrower will end up paying back more than twice the amount he or she was lent.
For more information on how you can eliminate the surprise repayment element fromthe loan process, contact Arseniy Olevskiy at +99 (897) 154-2974 or email him atpr@amortization-calc.com. To learn how you can quickly and accurately estimate yourmonthly loan repayments, visit the amortization schedule calculator online atwww.amortization-calc.com.
CONTACT INFORMATION:Arseniy Olevskiy+99 (897) 154-2974pr@amortization-calc. comwww.amortization-calc.com ###
Source: Express-Press-Release.com
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