Download Swap Index 5 and 10 Year APK latest version Free for Android
| Version | 5 |
| Update | 8 years ago |
| Size | 12.78 MB (13,404,318 bytes) |
| Developer | Rental Home Financing |
| Category | Apps, Finance |
| Package Name | com.ima.fantastic.swapindex5and10year |
| OS | 2.3.3 and up |
Swap Index 5 and 10 Year APPLICATION description
"5 & 10 Year SWAP Index"Investment Loan App is intuitively designed to help hard money lenders and investment loan professionals more accurately quote interest rates, provide transparency and create more efficiency in lending and borrowing loan terms.
With updated daily rates and charts, our app helps you monitor swap rates, contact your client, calculate payment, print amortization tables, and then apply for an investment loan when you are ready.
Features include:
- 5 Year Swap Index with Chart
- 10 Year Swap Index with Chart
- Standard Loan Calculator with amortization tables
- Commercial Loan Calculator with amortization tables
- Client Meeting Mapping tool
- Loan Call button
- Learn SWAP Index
- Learn about Blanket Loans
We even included our broker information feature for those wanting to become brokers.
What are SWAP RATES?
In order to more accurately quote interest rates, provide transparency and create more efficiency in lending and borrowing loan terms are more frequently being expressed in relation to the 5 year and 10 year SWAP Index obtained from Federal Reserve Economic Data.
This can come into play in upfront estimates, underwriting mortgage loans, final interest rates, and negotiating and determining prepayment penalties. As these indexes are constantly floating it is more accurate for rates to be quoted in relation to these indexes. This also eliminates any frustration should indexes shift between initial application and closing the loan.
