Press Release San Jose, CA (PRWEB) September 25, 2007 -- Mantranomic Inc, a financial services firm and creator of the software Mortgage Mantra, unveiled the all new and free anawise.com financial service that allows homebuyers, homeowners and Realtors to create a complete personalized financial summary of their home purchase along four important dimensions:
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Mortgage payment summary – that allows users to model unlimited fixed rate mortgage loan combinations, first and second mortgages, loans with or without PMI (private mortgage payments) and amortization tables. |
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Equity Analysis – this feature allows users to model the change in equity for an up or a down housing market for three scenarios – best case, most likely case and worst case scenario. It will allow homebuyers to see the high and low ends of the equity they can build in the home following their purchase. This section also presents 15-20 years of historic home price data based on the popular OFHEO HPI (Home price index) |
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Tax benefit of buying a home – this feature of the report determines the monthly federal tax benefit of buying after considering almost 10 -15 different variables that impact the tax calculation associated with a home. It also determines how the purchase of a home will affect the marginal tax rate of the user. |
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Impact on pocketbook – this section of the report calculates the post home purchase impact on monthly finances. It also determines important debt ratios that help users understand how lenders will assess their affordability for that property. |
The easy to use interface of the anawise interview (wizard), ability to save inputs and reports, will allow homebuyers to create and personalize reports for any and every property of interest to them. Realtors can use the features of the Anawise report to prepare a personalized financial summary for their clients.
The Anawise report (pdf format) presents an executive summary containing key financial metrics, as well as detailed sections in the above four areas. The detailed sections present the results of the analyses in a lucid format supplemented by pleasing charts, graphs and tables to assist users in making the best decisions for their home purchase.
Users can register for free and get started at www.anawise.com. They can contact Anawise at services@anawise.com if they have any questions.
