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Loan Manager for owner financing
Loan Manager makes it easy to track thousands of loans from within Rent Manager. Principal and interest can be charged directly to the customer along with or without rent. You no longer have to use a third party program to calculate principal and interest or track loan information.
Loan Manager begins with a simple setup wizard that guides you through the creation of the loan from start to finish. At any time, you can open a new or existing loan and print the details. In seconds, you can see the payoff amount or estimate a prospective buyer's monthly payment. Loan Manager will also calculate the correct interest amount based on straight amortization or on the current principal balance.
This is a must-have feature for anybody that offers owner financing!
Features at a glance:
• Track thousands of loans
• Calculates interest and principal
• Include additional charges like PMI or tax
• Calculate payoff amount
• Supports early or extra payments
• Print loan details
• Amortization schedule
• Amortization graph
• Directly integrated with accounting
• Daily interest
• Straight amortization
• Interest based on principal balance
• Calculate term by payment amount
• 1098 interest forms
• Rate schedule
• Apply extra payments
• Default loans
• Get payoff amount at any time
