Mortgage is usually the largest and longest running debt ordinary people like you and me have in their life. But how many of us treat it in a manner: “get the home loan, set up regular automatic payments and forget about it”?

This is a big mistake!

Let’s say you have a mortgage $400,000 for 25 years at 6.00% p.a. interest rate. Do you know how much interest on top of the loan amount will you pay during the entire mortgage term?

Continue reading “Save Money on Mortgage Interest with Our Excel Calculator” »

Do you have an existing Loan, plan to change it and want see how its modification will affect your finances?

If so then we have a perfect Calculator in Excel for you. It will tell you exactly how changing several different parameters may impact your financial situation.

To use this Calculator you need Microsoft Excel 2007 or 2010 installed on your computer.

To download sample of this calculator: click here (sample is limited to max. 30 repayments)

To purchase full version of this calculator: click here

Continue reading “Loan Modification Calculator in Excel” »

If you have a personal loan and wish to gain full control over it then we have a perfect solution for you. But first let’s explain few terms.

What does “EMI” stand for?

EMI means Equated Monthly Installment. Basically, most loans are paid off by the exact same amount every payment period (weekly, fortnightly or monthly).

Ways to Set Your Repayment Amounts (EMI)

There are in fact two ways how the Equated Monthly Installments are set: Continue reading “EMI Calculator for Personal Loan” »