Mortgage software programs

When you are paying your mortgage, there are several mortgage software programs that can help you pay down your mortgage sooner. One particular program, Money Merge Account system promises to help you pay off your mortgage early. Money Merge Account system is a mortgage acceleration package that relies on the used of a home equity line of credit.

Money Merge Account system analyzes your financial data and will come up with a set figure as to how much extra money you need to pay. The Money Merge Account system is one of the fastest ways to repay your mortgage and save yourself the money you would loose in interest. The Money Merge Account system uses an advanced equity line of credit to drive the program. The equity line of credit must be able to operate a primary checking account and is set up as an open-end interest calculation. The Money Merge Account system will create a formula with the equity line of credit to generate an interest cancellation on your primary mortgage.

Each time money is transferred into your account, it registers as a decrease to your mortgage balance. When your mortgage balance is decreased, it lowers the balance on which the interest is accrued. This allows you to increase your portion of your mortgage payment which will be credited toward your principle.

Once you have downloaded and activated the software, you will deposit your paycheck into your current checking account and once the funds clear, you will transfer the designated amount into your Money Merge Account. The line of credit will then decrease your mortgage balance. The cost of the Money Merge Account system will cost approximately $3,500 to set up.

Now what about software if you are a realtor? There are several real estate software options available. One particular real estate software program, Digital Office 5.0 Residential Suite, costs $479. This software includes: flyers, forms, contracts, tools, newsletters, work-papers, brochures, manuals, guides, automated slide shows, data-access portals, clip art and realty logos.

Another popular real estate software program is Encompass. Encompass can be used at a realtors office and provide the entire staff with data that is tailored to their individual role. Encompass is quite popular because it is a single data source that automatically populates forms with current loan information throughout the system. This means that the user will see the most recent version of the loan. Encompass allows loan officers to generate leads, prequalify borrows, market to prospects, and work outside the office.

For a loan processor, Encompass will allow you to organize your day by various priorities, automate transactions with lenders, eliminate the need for loan officer phone calls, and allows for your overall workflow to run smoothly without re-keying information. Brokers also can use Encompass to make better business decisions. You will be able to see all your necessary information on a single screen and use it for forecasting, vendor trends, and commission summaries.

Several realtors prefer Encompass for the above reasons and for its ease-of-use. Encompass uses built-in Internet integration and Microsoft .NET framework, HTML forms for compliance updates. Many large U.S. and European companies use Encompass as it has been proven to be reliable and productive.

With so many mortgage software options available, you need to have a clearly defined list of the options you need as well as the set amount of money you are willing to pay. Some software programs will require you to use the support of technical support or you will have to pay a money or yearly fee. Be sure to compare your different options before you sign up for your mortgage software program.