Purchasing your first home is probably one of the most significant decisions you will make in life. It is a huge step to take, especially when you are starting in the professional world. However, it is also one of the wisest decisions you can make for many reasons. Yes, while it might take you years to pay it off, at least you know you have an investment. Furthermore, you no longer have to waste money on renting. At least you are paying for something you own. And in the future, if you want to move or if you want a different house, you can always sell it, so you lose nothing as compared to when you are renting an apartment.
These days, if you are decided on taking out a mortgage loan, it is not difficult to get one as long as you have complied with all the requirements. One of the most popular types of loans offered is the home equity loan Houston Texas and the government-insured loans since they have the best interest rates.
However, today, let’s talk about the different apps you may find useful in tracking your mortgage loan once you have already taken it out. These apps are essential since they can help you a lot in making sure that you do not miss your payments and you have a clear picture of the status of your loan.
Bill Payment Log
Bill Payment Log is one of the best apps you will find when you want to track more than one loan. You can simultaneously track multiple investments using this app. It makes budgeting more comfortable as you can see where and when to make certain adjustments.
Loan Calculator Pro
Loan Calculator Pro works just like all other apps you will see, but it has a time feature, which is an excellent advantage from other applications. With this, you do not only track your loan, but you are also able to set payment reminders so you will never miss a payment again due to your busy schedule. If you wish to shorten the life of your loan, you can do so by adjusting your payoff date. It will recalculate your payments, so you hit your target date.
Mortgage Payoff Track
Mortgage Payoff Track is an app for those who want to see figures when it comes to their loans. The app shows your loan status through the use of graphs and charts. This way, you can see a clear picture of how far you are on your loan and how close you are to paying it off.
Mortgage Pro is explicitly created for Apple users. It is an application that can show you the details of your loan. It is peculiar since it needs you to enter the specifics of your mortgage loan like the price of the property, down payment, interest rate, insurance fees, property tax rate, and other fees. This way, you can see where your payments are going and how much are left to pay for each. The only thing missing from this app is a date feature so you cannot set payment reminders through this app.