This is really a difficult time for people in need of a loan. The rising of interest rates and a tightening of mortgage deals - a byproduct of the credit crunch - mean that all banks are offering less generous deals. It is important then to have the opportunity to compare different mortgages and to understand clearly how much a loan costs in terms of interest.
Mortgage and Loan Calculator Analyzer will help you keep track of your loans and compare offers by having an overall view of how much a specific mortgage costs over the years. Unfortunately, because the program lacks any capability for comparing offers automatically, you're left to printing [or exporting] individual reports and doing the comparison work yourself.. The program is also able to keep an eye on multiple debts for those lucky enough to own more than one house (and of course more than one mortgage).
It would have been nice if the program could have compared the data of your mortgage with the average interests and tariffs available from different banks. It also lacks of a 'grand total' tool to know how much you will be spending every month for the years coming, taking in consideration all the obligations you have.
This application doesn't stand out for its features but it is useful to compare different mortgages having a clear report on how much they cost and how much total interest you are paying.
