How to use the Consumer / Mortgage Loan App

The Customer / Mortgage Loan app was created to offer people a user friendly way to calculate for themselves the following information:

  1. What would the payments be on a spedified loan amount?
  2. How much how money would the financing cost?
  3. What would the payment schedule would look like for a specified number of months?

The algorithm is set up to support inquiries for consumer loan items or mortgages. Below is a lit of items needed to run the claculations.

  1. The loan amount you wish to borrow
  2. The number of months or loan period
  3. The interest rate; set between 2 and 7%