App Reviews

Loan Agent

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Buying a home is not an easy decision to make, especially if you are not making a fortune from your day job. The most recent financial crisis in the U.S. has taught us that too many people take on loans they can’t possibly pay off. It is always heart-breaking to see people lose their house for being careless when taking a mortgage. Doing some research beforehand to find your financial strength goes a long way towards showing you whether you can afford the home you intend to buy. Loan Agent can be your best friend here.

Loan Agent saves you time doing research for your mortgage. It is a sophisticated mortgage calculator that shows you how much loan you can get pre-approved for and what amount of mortgage you can get for your new house. This application does accept data specific to your home (price, down payment, interest rate, tax, …).

Just because you are taking on a huge loan does not mean you should not try to pay it off as soon as you can. Loan Agent does show you how many years you can slash off your mortgage length by paying a bit extra each and every month. It provides you with amortization table, graphs, and other tools to help you make more knowledgeable decisions.

Loan Agent does not replace a real estate agent or an accountant. At the same time, it is a handy tool to get yourself better prepared just in case you are ready to buy a home. A pretty powerful mortgage calculator all around.

Rating: 8.8/10

 


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