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Last updated on November 22nd, 2021 at 08:36 am
Calculating your own mortgage or loan pay-off is not as easy as it sounds. During the course payments and income could vary widely and it is important to stay ahead and plan well in advance, to avoid failure.
Most people are not aware of their long-term payment schedule and face difficulties.
Paying Down Mortgage Calculator (PDMC) is a website intending to help people keep full tabs on their mortgages.
When PDMC found how comparing lengths, loan amounts, savings, and rates can be frustrating they came up with the idea of building an interactive calculator to give people the ability to views and compare everything related to mortgage.
The calculator can be used for mortgages, estimating pay-off with larger payments, and for estimating payments on student loans and other types of debts.
The calculator can also be used by people looking to buy a house or pay off other kinds of bank loans.
The idea of creating the free and simple calculator is to give people the freedom and understanding to assess, estimate and plan their mortgage payments with freedom said the creator of the calculator.
The calculator is not only limited to mortgage loans but can be used for any type of loans
Reference Source: Your Digital Wall
