Please note: If you have a Palm OS 5 device, such as Tungsten, Treo 600, Zire or the Kyocera 7135 (which is Palm OS 4, but can't emulate 8bpp), please purchase this version instead.

This is the essential tool set for the mortgage professional. All the mortgage related calculators you need bundled into one simple, easy to use program! The program includes excellent documentation, and the developer at Cool Gadgets provides prompt, courteous and complete support. The demo version allows you to open and use it 10 times.

The Pro Mortgage Gadgets program has been designed exclusively for the mortgage professional. It consists of several individual programs combined into one simple, easy to use interface. This is accomplished by having a user interface designed using tabs. There is a tab for each major part of the program - 4 tabs in all. The included programs are:

1. Mortgage Solver (Mort)
2. Double Loan Solver (Double Loan)
3. Pre-qualification Calculator (Prequal)
4. Refinance Calculator (Refinance)

The included programs have been designed to handle most of the calculations the average mortgage professional needs to perform on a daily basis.

Now we'll cover the basic functionality of each program.

Mortgage Solver The Mortgage Solver is basically a Mortgage Calculator that allows you to solve for one of 3 variables:

1. PI (Monthly Principal and Interest Payment)
2. Interest Rate
3. Loan Amount

Double Loan Solver The purpose of the Double Loan Solver is to address those situations where the client has less than 20% equity in the house and will need to pay Private Mortgage Insurance (PMI). The idea is to have 2 loans in order to "get rid of" PMI. The second loan is sometimes referred to as a "Piggy-Back" loan.

Pre-qualification Calculator The Pre-qualification Calculator allows you to input information about a client's monthly salary and bills, some information about the loan (interest rate and term) and determine the maximum loan amount and maximum monthly payment the client can afford.

Refinance Calculator Refinance Calculator works a little differently than the rest of the programs in that there is no "Calculate" button. Calculation occurs as you switch tabs between "Curr. Loan", "New Loan" and "Results". For example, as you fill out information about your Current Loan and switch to the new loan tab, the current loan balance is figured automatically and set to be the new loan amount (although this can be adjusted by entering a value in the "Adjust Loan Amt. By" field). This tool will tell you based on closing costs paid and the difference in the current payment vs. the new payment, how long it will take to "break even".

Don't need all of these? Try the "Mortgage Calculator" or the "Mortgage Solver" or the "Pre-qualification Calculator" or the "Refinance Calculator" or the "Mortgage Gadgets" from Cool Gadgets

Note: This software was created using SuperWaba. In order to run this software, you must first install ALL the PRC and PDB files found in the zip file. Once you have installed the SuperWaba VM, you can run any program that was created with SuperWaba without installing it again.