If you
are holding a mortgage and note on real estate or any type
of loan on personal property and are scribbling notes on a
paper amortization schedule, you need LoanShark to manage
and document your incoming payments. Did you owner finance the sale of your real estate with
a purchase money mortgage?
If you are a real estate investor, collection agent, hard
money lender or private lender with more than one account,
LoanShark will keep track of them all including monthly,
biweekly, weekly and random (accumulated daily interest)
payment periods.
Provision for escrow collection and disbursement of taxes
and/or insurance.
Post multiple receipts for the same payment period. Automatically
computes amortization principal, interest, balance and late
penalty (if any). Obtain payoff amounts including per-diem
interest for a specified date.
View and print payment history for any given timeframe.
Total or yearly summary reports of principal and interest
received.
Create end-of-year statements to send to borrowers, print
letters, envelopes, attach notes or remarks and/or images
of the property or documents.
Includes financial calculator, amortization schedule printouts,
future value / present value calculations and more......
