About Mortgage Prelude
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.
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.
Previous Versions
Here you can find the changelog of Mortgage Prelude since it was posted on our website on 2015-04-26 03:00:00.
The latest version is 2.6.5.000 and it was updated on 2024-04-22 10:00:14. See below the changes in each version.
Mortgage Prelude version 2.6.5.000
Updated At: 2024-02-09
Changes: Updated graphics to enhance the presentation.
Mortgage Prelude version 2.5.6
Updated At: 2007-04-29
Changes: Made improvements to the color scheme and added some other underlying adjustments to make the program run better.
Disclaimer
External Download
We do not host Mortgage Prelude on our servers. We did not scan it for viruses, adware, spyware or other type of malware. This app is hosted by the software publisher and passed their terms and conditions to be listed there. We recommend caution when installing it.
The external download link for Mortgage Prelude is provided to you by apps112.com without any warranties, representations or guarantees of any kind, so access it at your own risk.
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