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amortization.com Ltd.
Burlington, Ontario
CANADA

905-639-0374
905-407-7988

info@amortization.com

 



Amortization Pro for iPhone/iPad/iPod

 

 
Current Versions

MORTGAGE2 PRO: 5.1 (Released 6/6/2005)

IRD CALCULATOR: 8.023 (Released 6/6/2009)

Latest News

11/23/2016 - Canadian Tax Free Savings Account

04/02/2016 - The apps to take with you when you buy your next home

05/11/2015 - Three compelling reasons to buy MORTGAGE2 PRO

01/17/2014 - Paying back the missed principal portion of the blended payment

01/06/2014 - Blended Loans

04/06/2013 -Credit Card Late Charges

11/04/2012 -UPDATED Amortization.com software Version 2 for iPhone coming soon

08/12/2012 -Top Ten Mortgage Myths

04/15/2012 -Introduction to Cost of Borrowing

04/15/2012 -APR - What does it really mean?

03/02/2012 -Another reason why you need an amortization schedule

11/10/2011 - Read the fine print

09/24/2011 - Knowledge is the first step to economic success

09/24/2011 - Mortgage Experts

08/04/2011 - Financial Literacy 101

07/26/2011 - Biweekly Mortgages Explained

07/06/2011 - Cost of Borrowing Explained

05/10/2011 - The ABCs of a mortgage

03/24/2011 - What you can learn from this site

02/23/2011 - What is semi annual compounding?

02/18/2011 - Financial Literacy

01/30/2011 - Canadian weekly mortgage vs GMAC weekly mortgage

01/19/2011 - Negative amortization schedules can be useful

01/06/2011 - VIDEO: Introduction to American and Canadian mortgages

10/07/2010 - Blend and Extend Interest Rates

09/02/2010 - Credit Card Misinformation

07/22/2010 - Amortization Calculator for Apple iPhone/iPad/iPod

07/07/2010 - All you need to know about mortgages

06/07/2010 - Apple IPhone Calculator

04/23/2010 - Canadian Mortgage Prepayment Penalties

03/02/2010 - Newspaper Articles

02/02/2010 - Terminology Tip

12/23/2009 - Olympic advertisement prompts APR question

10/27/2009 - Free Mortgage Seminar

09/21/2009 - The ethical IRD

09/14/2009 - A wake up call for American borrowers

09/09/2009 - Missing Monthly Payments

08/10/2009 - Learning how to avoid the debt trap

08/10/2009 - Were you a BMO Bank of Montreal Mortgage customer?)

07/21/2009 - Climate Skeptic Arguments Don't Hold Water (or Ice)

07/06/2009 - Task force to craft plan to teach money skills

06/08/2009 - IRD Calculator version 8.023 is now available

06/08/2009 - Canadian Mortgage Interest Calculation Confusion

05/31/2009 - An easy to use IRD calculator

05/27/2009 - An IRD is not a mortgage penalty

05/25/2009 - The IRD is not rocket science!

05/13/2009 - Mortgage 101 Seminars

05/11/2009 - IRD example in The Canadian Press

04/21/2009 - Cost of Borrowing disclosure in Canada

03/07/2009 - Free Advice
Click here for more information.

02/11/2009 - Cost of Borrowing
Click here for more information.

02/08/2009 - Paying down your mortgage
Click here for more information.

02/06/2009 - TCOB 2009 Changes
The TOTAL COST OF BORROWING calculations and examples will be improved and updated shortly which will reflect the changes in the new Ontario act that came into effect on January of 2009.

02/02/2009 - Loopy Lenders
Click here for more information.

01/25/2009 - Paying the IRD
Click here for more information.

12/31/2008 - Late Payments
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11/03/2008 - Financial Planning
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10/08/2008 - Prepaying Principal Tip
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08/18/2008 - Mortgage Availability
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08/18/2008 - Leasing Automobiles
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05/23/2008 - 7% Cashback
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02/13/2008 - Long Fuse Mortgage Bomb
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10/18/2007 - Prepaying Principal as per an amortization schedule
Click here for more information.

09/15/2007 - 40 Year Mortgage Interest Saving Tip
Click here for more information.

07/11/2007 - Movie Tutorial Added
A movie tutorial has been added to the download page in divx avi format. Click here to download.

07/11/2007 - An Inconvenient Mortgage
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02/16/2007 - Global Warning
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02/01/2007 - Free Monthly Payment Calculator
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12/05/2006 - Canadian KYOTO
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11/13/2006 - Misleading Tips
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11/01/2006 - Average Annual Rates are Misleading
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10/23/2006 - 40 Year Mortgages as a Stepping Stone
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10/16/2006 - 40 Year Mortgages
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04/03/2006 - APR Overview
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03/10/2006 - Energy Saving Idea
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08/29/2005 - Criminal Interest Rate
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07/18/2005 - Average Annual Rate vs Annual Compounded Rate
Click here for an explanation on how you can be fooled with numbers.

06/06/2005 - New Release Version 5.1
Click here for more information.

04/21/2005 - Consumer Protection Act 2002
Click here for proposed revisions.

04/04/2005 - Company Name Change
Click here for more information.

02/08/2005 - 35 Year Mortgages
Click here for the example.

10/13/2004 - Tickler Rates
Click here for the example.

09/07/2004 - Another Perspective on Amortization Schedules
Click here for the example.

04/27/2004 - More Mortgage Misinformation
A confusing newspaper article describing weekly payment mortgages. Click here to see the article.

04/16/2004 - A Confused Journalist
An article describes an amortization schedule in detail without actually naming it. Click here to see the critique.

02/11/2004 - Interest Accruing Loans
A detailed example of an Interest Accruing Loan has been added to the tutorial page. Click here to see the tutorial.

02/02/2004 - MORTGAGE2 PRO Version 5.0 Released
The Discounting program is now included in the Utilities menu in version 5.0.

10/27/2003 - Ottawa could save 63 BILLION Dollars in interest
An example of how easy it would be for the Federal Government to save 63 Billion dollars in interest costs towards our national debt. Click here to see the example.

09/26/2003 - Excessive Interest Rates
An example of a grossly excessive interest rate has been added to the tutorial. Click here to see the tutorial.

09/03/2003 - Reverse Mortgages
An example of a Reverse Mortgage has been added to the tutorial. Click here to see the tutorial.

07/15/2003 - Blended Rates - Do you really win?
To fully evaluate a Blended Rate, you need four amortization schedules. Click here to see the tutorial.

07/09/2003 - Royal Bank pays back millions
Reported in a Canadian newspaper today (July 9th 2003) the largest Bank in Canada, ROYAL BANK has quietly been mailing out rebate cheques, because of calculation errors to 200,000 mortgage clients for a total of $13 million dollars. The errors go back as far as 1992 and are because of interest calculation errors due to the Royal Banks variable rate mortgages (called adjustable rate mortgages, ARMs, in the USA.).

Michael Janigan, executive director of the Public Interest Advocacy Group in Ottawa said the Royal Bank case “raises the issue that you cannot rely absolutely upon calculations done by your Bank at all times”. This problem could have possibly been avoided if lenders were legislated to provide up to date amortization schedules at the end of each year. People make mistakes and so do computers because people program computers. An amortization schedule is a double check on the lenders. Just imagine the dollar amount of errors in the USA regarding adjustable rate mortgages (ARM). In Canada there are only 5 major Banks to watch. In the USA there are over 6000 different banks to watch for errors.

05/24/2003 - Weekly Payments Revisited
You would think after twenty years some experts would understand that weekly payment mortgages are the best way to save in interest costs. Click here to see the article.

04/09/2003 - Export as a Text File
Amortization schedules can now be exported as text files and therefore can be read by any word processor. Financial Planners and Loan Officers can now email an amortization schedule to their clients or customers.[Click Here]

04/03/2003 - New Mortgage Quiz Added
Test your Mortgage I.Q, Test your Loan Officer's Mortgage I.Q
Click Here

03/28/2003 - New Install Package
This new Install Package works on
Windows 95/98/NT/2000/Me/XP (Home and Pro)

03/10/2003 - New Web Page Launched
You now have the option to search for keywords in articles or tutorials on our site.

 

 


VIDEOS

amortizationdotcom Mortgage Calculator for iPhone

Introduction to Canadian and American Mortgages

Seminar on prepaying principal (Part A)

Seminar on prepaying principal (Part B)

Global TV Interview regarding 40 Year Mortgages

 

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