This easy-to-use program will save you countless time and hassle by determining how much of a loan you are qualified for BEFORE you ever have to fill out a loan application. It uses the guidelines set forth by the Federal National Mortgage Association (a.k.a. Fannie Mae) to determine the loan amount you are qualified for. In fact, the Fannie Mae Guidelines are likely the same ones your lending company is using. Mortgage Prelude will make the process of obtaining a loan as easy and quick as possible for you. Whether you want to compute your monthly payments, determine the amount of interest you will pay, estimate your total closing costs, generate an amortization schedule, or you want to go a step further and analyze what type of loan you can realistically apply for, the program will conveniently guide you through the process. The pre-qualification system built into Mortgage Prelude is accurate because there is a strong chance that your lender will want to have the option of selling your mortgage on what is called the secondary market for mortgages. (In fact, many lenders will have your loan sold before you make your first mortgage payment.) The two largest buyers of loans on the secondary market for mortgages are Fannie Mae and Freddie Mac and, thus, those two entities generally set the standards for home loans. Thusly, your lender will likely want to make sure that the loan they give you fits the industry standards so that they can sell your loan. Although there are many applicable guidelines, probably the most important are what are called the "Qualifying Ratios" (which are computed and displayed on Mortgage Prelude's main screen). Right away you can not only see how much your monthly payment will be, how much interest you will pay, and all the other common information associated with home loan calculations; but you will actually see whether or not you qualify for the loan according to current Fannie Mae Guidelines.
VERSION HISTORY
- Version 2.6.5.000 posted on 2020-09-09
Updated graphics to enhance the presentation. - Version 2.5.6 posted on 2007-04-29
Made improvements to the color scheme and added some other underlying adjustments to make the program run better.
Program Details
- Category: Home & Hobby > Personal Finance
- Publisher: NorthStar Solutions, LLC
- License: Free Trial
- Price: $9.95
- Version: 2.6.5.000
- Platform: windows
EULA
USE OF THE SOFTWARE PROVIDED WITH THIS AGREEMENT (THE "SOFTWARE") CONSTITUTES YOUR ACCEPTANCE OF THESE TERMS. IF YOU DO NOT AGREE TO THE TERMS OF THIS AGREEMENT, DO NOT INSTALL AND/OR USE THIS SOFTWARE. USER'S USE OF THIS SOFTWARE IS CONDITIONED UPON COMPLIANCE BY USER WITH THE TERMS OF THIS AGREEMENT. 1. LICENSE GRANT. NorthStar Solutions, LLC grants you a license to use one copy of the version of this SOFTWARE on any one hardware product for as many licenses as you purchase. "You" means the company, entity or individual whose funds are used to pay the license fee. "Use" means storing, loading, installing, executing or displaying the SOFTWARE. You may not modify the SOFTWARE or disable any licensing or control features of the SOFTWARE except as an intended part of the SOFTWARE's programming features. When you first obtain a copy of the SOFTWARE, you are granted an evaluation period of 30 days, after which time you must pay for the SOFTWARE according to the terms and prices discussed in the SOFTWARE's documentation, or you must remove the SOFTWARE from your computer. As a result of the opportunity you are given to first try the program before making a decision to purchase it, you understand and agree that no refunds will be made available. This license is not transferrable to any other company, entity, or individual. 2. OWNERSHIP. The SOFTWARE is owned and copyrighted by NorthStar Solutions, LLC. Your license confers no title or ownership in the SOFTWARE and should not be construed as a sale of any right in the SOFTWARE. 3. COPYRIGHT. The SOFTWARE is protected by United States copyright law and international treaty provisions. You acknowledge that no title to the intellectual property in the SOFTWARE is transferred to you. You further acknowledge that title and full ownership rights to the SOFTWARE will remain the exclusive property of NorthStar Solutions, LLC and you will not acquire any rights to the SOFTWARE except as expressly set forth in this license. You agree that any copies of the SOFTWARE will contain the same proprietary notices which appear on and in the SOFTWARE. 4. REVERSE ENGINEERING. You agree that you will not attempt to reverse compile, modify, translate, or disassemble the SOFTWARE in whole or in part. 5. NO OTHER WARRANTIES. NORTHSTAR SOLUTIONS, LLC DOES NOT WARRANT THAT THE SOFTWARE IS ERROR FREE. NORTHSTAR SOLUTIONS, LLC DISCLAIMS ALL OTHER WARRANTIES WITH RESPECT TO THE SOFTWARE, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT OF THIRD PARTY RIGHTS. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES OR LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY MAY LAST, OR THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU. THIS WARRANTY GIVES YOU SPECIFIC LEGAL RIGHTS AND YOU MAY ALSO HAVE OTHER RIGHTS WHICH VARY FROM JURISDICTION TO JURISDICTION. 6. SEVERABILITY. In the event of invalidity of any provision of this license, the parties agree that such invalidity shall not affect the validity of the remaining portions of this license. 7. NO LIABILITY FOR CONSEQUENTIAL DAMAGES. IN NO EVENT SHALL NORTHSTAR SOLUTIONS, LLC OR ITS SUPPLIERS BE LIABLE TO YOU FOR ANY CONSEQUENTIAL, SPECIAL, INCIDENTAL OR INDIRECT DAMAGES OF ANY KIND ARISING OUT OF THE DELIVERY, PERFORMANCE OR USE OF THE SOFTWARE, EVEN IF NORTHSTAR SOLUTIONS, LLC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL NORTHSTAR SOLUTIONS, LLC'S LIABILITY FOR ANY CLAIM, WHETHER IN CONTRACT, TORT OR ANY OTHER THEORY OF LIABILITY, EXCEED THE LICENSE FEE PAID BY YOU, IF ANY. In jurisdictions where zero-liability is not permitted, NorthStar Solutions, LLC' entire liability and your exclusive remedy shall not exceed the price paid for the SOFTWARE or one United States dollar, whichever is the greater. 8. GOVERNING LAW. This license will be governed by the laws of the United States, State of Texas and shall unure to the benefit of NorthStar Solutions or its assigns. The United Nations Convention on Contracts for the International Sale of Goods is specifically disclaimed. 9. ENTIRE AGREEMENT. This is the entire agreement between you and NorthStar Solutions, LLC which supersedes any prior agreement or understanding, whether written or oral, relating to the subject matter of this license.