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.