For your convenience, we have separated frequenly asked questions
by groups of interest.
Downloading and Installing LoanAmortizer
programs on your computer or network
- How can I install LoanAmortizer
on my computer?
- I do not install any software from
Internet. It’s ridiculous and unsafe
- I have installed your software successfully
but there is some kind of problem with it. When I start
the program, it keeps appearing some kind of strange window
called “Registration Wizard”. Is this your product
a “Registration Wizard”?
- How can I uninstall LoanAmortizer?
- I want to upgrade to the latest
version available.
- How can we network the version of
this program that we already have installed on our front
desk computer? Do we need to pay more to have a network
version?
Licensing Questions
- How can I register LoanAmortizer
program that I downloaded from Internet (installed from
a CD)?
- The process of getting new license
key:
- That is a pretty nifty registration
& control process you have come up with.
- I bought and paid for LoanAmortizer
already. Today when I went and tried to use the program
it told me that the licensed authorization expired. What
happened?
- I have purchased multiple licenses.
How can I get those licenses?
- I got the LoanAmortizer unlocked
and it worked just fine, but now every time I go to use
it, clicking on the icon makes the install wizard comes
up and it re-installs itself. What am I doing wrong?
LoanAmortizer features and capabilities
- What is the difference between the
editions?
- I need to do an amortization schedule
commuted on an unequal payments for the life of the loan?
Which edition allows me to create such schedule and track
payments as they are made? I am looking for a simple tool
to help me figure out a way to pay off my mortgage at a
faster rate. Can one of your Loanamortizers allow me to
do that?
- I purchased your LoanAmortizer.
It has come to my attention that the Loan Amortization schedules
are not correct. The interest paid doesn't decrease on steadily.
i.e. payment number 1 shows interest of 494.54 payment number
2 shows 443.75 and payment number 3 shows 452.17 etc. Do
you know what is the cause of this? Why interest Paid Varies?
It is not correct.
- I noticed that the principal and
interest breakdowns fluctuate up AND down rather than principal
portion increasing every month and interest decreasing every
month. Why is that?
- Can the product produce an amortization
schedule that can easily be included in a Word or WordPerfect
document?
- I have loanamortizer and after working
fine for the last few months, it will no longer compute
interest rates. When I fill in all of the amounts on the
loan and leave it to calculate interest rates, it calculates
a zero. Could it be that I need a new program? Please help
me resolve this problem.
- I need to annotate payments with
explanations. Is there such feature in one of your LoanAmortizers?
- My next question to you is do you
have a program that will take each finance customer and
when their payments arrive apply it to some kind of spreadsheet,
calculate the exact interest based upon the day payment
was received and then compute a running balance?
- Do you have a program that provides
the option for additional principal payments? Is there any
way to track Construction loan - with further draws, principal
only payments and new rate can apply at any time something
like Adjustable rate mortgages?
- Does "manual amortization"
mean that the days between payments can vary?
- Is there a way to enter multiple
balloon payments during the life of the loan?
- I am tired of reading about LoanAmortizer
Enterprise capabilities. Tell me how to enter the actual
payment info into the LoanAmortizer Enterprise? How do I
add an extra payment into the amortization schedule?
Q: How can I install
LoanAmortizer on my computer?
A: Please click here
visit our Downloads section to download the installation
file of the LoanAmortizer edition that you would like to test (use).
When you click one of those links below, new
windows appears asking you “What would you like to do
with this file? “. Please select “Save this file
to disk” rather than “Install it from the
current location”.Now, you will be asked to select
a folder (directory) in your hard drive where the installation
file will be saved. Please do not save it on your desktop.
It is better to save it in “C: \Temp”.
Finally, the download process is successfully
completed and you need to go to “C: \Temp” (or the
other folder) to run the downloaded file in order to install
LoanAmortizer program on your computer. Please follow the appearing
windows to install our program. back to top
Q: I do not install
any software from Internet. It’s ridiculous and unsafe.
A: Well, we have many customers that downloaded
and are currently using our LoanAmortizer programs without any problem.
We do guarantee that all files on our official sites are not
viruses and does not include any unsafe content.If you would
like, you can purchase a CD one of the three editions of LoanAmortizer
software. Please visit our Online Shop.
Q: I have installed
your software successfully but there is some kind of problem
with it. When I start the program, it keeps appearing some
kind of strange window called “Registration Wizard”.
Is this your product a “Registration Wizard”?
A: Of course not. LoanAmortizer programs are financial
calculators. What you see is the registration wizard that
is part of the program as you have downloaded off Internet
a fully-functional program. We have locked its usage for certain
time of period - Standard and Professional for 30 days, the
Enterprise for 15 days.
Please click on the close button then you will
be asked “Do you want to quit “Registration Wizard”?”
and click “Yes”. Now, the main window of
LoanAmortizer appears and you can test (use) the program. When you
purchase LoanAmortizer, we will issue you new license key that will
make the Registration Wizard to disappear and you will go
directly to he main window of LoanAmortizer program. back to top
Q: How can I uninstall
LoanAmortizer?
A: Please closeLoanAmortizer program and go to Control
Panel / Add/Remove Programs to uninstall LoanAmortizer programs.
If you do have any problems, please make sure that you have
rights to uninstall programs (you have to have administrative
privileges to do that, if you are using Windows NT, Windows
2000). back to top
Q: I want to upgrade
to the latest version available. Am I eligible to do that
for free?
A: It is best to contact us at support@loanamortizer.com
letting us know which version you currently have on your computer
to reply you. back to top
Q: How can we network
the version of this program that we already have installed
on our front desk computer? Do we need to pay more to have
a network version? We don't have the disk, we just got it
over the Internet.
A: Each of LoanAmortizer programs must be installed
on the local machines connected to your network in order to
be used. Our programs cannot be installed on a server and
used by many clients. Please visit our Online
Shop for volume discount concerning multiple licenses
(more than one user).
Please use the same installation file downloaded
from Internet to install our program on the other computers
in your office where you want to use our program. The program
is fully functional for certain time then it stops working.
When you do purchase it, we will issue you new license keys
that will make the program work without any time limitations.
(Standard and Professional edition are fully-functional for
30 days and the Enterprise for 15 days.) back to top
Q: How can I register
LoanAmortizer program that I downloaded from Internet (installed
from a CD)?
A: You need to purchase licenses for how many
computers you would like to permanently use our program. You
can place and online order, to purchase via FAX or Phone,
or simple you can send us a check for the appropriate amount.
Please visit our Shop Online for more details about purchasing
LoanAmortizer.
When your order is authorized or we received
your check, you need to perform the following actions to get
a license key without any time limitations. Please note that
programs available in Internet and on the CDs are time -limited
fully-functional programs for a certain period of time - Standard
and Professional for 30 days, the Enterprise for 15 days.
back to top
Please start LoanAmortizer program and follow the Registration
wizard. The registration wizard will guide you through the
registration process and sending us your current license key
to issue you no time limit license key. Please follow those
steps:
- First Info screen of the Registration wizard - proceed
to Next
- Indicate whether you purchased the program - you did,
mark the "Yes, I have already paid for it" radio
button and click Next
- Indicate whether you have sent us your current license
key - you did not, mark the "No, I did not" radio
button and click Next
- It appears a window - Please choose a method to send us
your current license key. You have the following options
- via Internet
- via Email
- by FAX
Please choose your favorite way to supply us with your current
license key to issue you no time limit license key.
It is best to email your current license key to license@businesscontrolsystems.com
or license@loanamortizer.com
back to top
Q: That is a pretty
nifty registration & control process you have come up
with.
A: We have created this registration process
as the download file is the fully functional program but has
a time limit of 30 days. When someone like you purchase our
program, we issue her or him new no time limit license key
that makes the program run without any time limitations. But
for those who do not purchase it, the program stops working
after 30 days of usage.
As the Internet file is the installation file
of the program, we have no other option to distribute our
software through Internet except this registration process.
The Internet distribution makes our costs less that enables
us to offer our software at acceptable prices for more people.
back to top
Q: I bought and
paid for LoanAmortizer already. Today when I went and tried to use
the program it told me that the licensed authorization expired.
What happened?
A: We need your assistance to issue you new
no time limit license key. Please take a look at the The process
of getting new license key. The registration process will
take you from 30 minutes to several hours depending whether
the Internet is working smoothly. back to top
Q: I have purchased
multiple licenses. How can I get those licenses?
A: You need to perform the registration procedures
on each computer that you want to permanently use LoanAmortizer
program. We would like to inform you that license keys are
computer specific and are not transferable from one computer
to another. Also, LoanAmortizer programs cannot be installed on
a server and used by many users connected to it. LoanAmortizer program
needs to be installed on the local machines connected to the
server. back to top
Q: I got the LoanAmortizer
unlocked and it worked just fine, but now every time I go
to use it, clicking on the icon makes the install wizard comes
up and it re-installs itself. What am I doing wrong?
A: Trying to start the program by going to Start
Menu/ Programs/ LoanAmortizer ../LoanAmortizer ...... Edition.
The file on your desktop points to the installation file that
you have successfully downloaded off Internet. This file is
only used to have your program installed on your computer.
back to top
Q: What is the difference
between the editions?
A: All three editions of LoanAmortizer will generate
loan schedules based on various inputs. The Professional edition
also allows you to have one "balloon" payment during
the loan in addition to the regular scheduled payments. Professional
will also generate loan payment coupon books. But only the
Enterprise edition allows you to modify the loan schedule
manually, changing any amount or date. Many clients use this
flexibility to track actual payments received - each time
changing the amount paid and date paid if necessary. The program
automatically recalculates all interest/principal allocation.
For detailed information about feature differences betweeen
LoanAmortizers please, click
here to view the comparison chart. back to top
Q: I need to do an
amortization schedule commuted on an unequal payments for
the life of the loan? Which edition allows me to create such
schedule and track payments as they are made? I am looking
for a simple tool to help me figure out a way to pay off my
mortgage at a faster rate. Can one of your LoanAmortizers allow
me to do that?
A: LoanAmortizer Enterprise allows you to track unequal and
erratic payments as they are received/made. In addition, it
allows you to track adjustable rate loans and mortgages. You
can add extra payments to the loan schedule or to increase
some of the payments. The program automatically recalculates
all interest/principal allocation. back to top
Q: I purchased your
LoanAmortizer. It has come to my attention that the Loan Amortization
schedules are not correct. The interest paid doesn't decrease
on steadily. i.e. payment number 1 shows interest of 494.54
payment number 2 shows 443.75 and payment number 3 shows 452.17
etc. Do you know what is the cause of this? Why interest Paid
Varies? It is not correct.
A: Please set the Interest Year field to 360-day
year. Now, the loan schedules shows steadily decreasing amount
of interest allocation. back to top
Q: I noticed that
the principal and interest breakdowns fluctuate up AND down
rather than principal portion increasing every month and interest
decreasing every month. Why is that?
A: Please set the Interest Year field to 360-day
year. Now, the loan schedules shows steadily decreasing amount
of interest allocation. back to top
Q: Can the product
produce an amortization schedule that can easily be included
in a Word or WordPerfect document?
A: LoanAmortizer Enterprise allows you to export a loan schedule
into Excel then you can use the exported data to insert it
into a Word document. back to top
Q: I have loanamortizer
and after working fine for the last few months, it will no
longer compute interest rates. When I fill in all of the amounts
on the loan and leave it to calculate interest rates, it calculates
a zero. Could it be that I need a new program? Please help
me resolve this problem.
A: There is only one reason why the program
does not show you an interest rate. You have entered loan
amount, number of periodic payments (Due/Amortized in terms)
and periodic payment amount that do not allow you to have
interest bigger than zero. If the number of periodic payment
multiplied with the periodic payment amount is less than the
loan amount there cannot be interest rate bigger than zero.
Please do the following steps:
- Enter Loan amount
- Leave Interest Rate to zero (0) rate
- Enter Due/Amortized in terms
- Please set the program to solve for the Periodic Payment
in such circumstances
The program shows you the amount that must be paid under
this loan amount and number of periodic payments when the
interest rate is zero. If you have entered fewer amount,
the interest rate cannot be bigger than zero. back to top
Q: I need to annotate
payments with explanations. Is there such feature in one of
your LoanAmortizers?
A: You can annotate every payment with explanations
that will be written in the Description column of Manual Loan
Amortization page. Please go to View / Pages and select Manual
Loan Amortization Page after you have created the loan schedule
in Loan Schedule page. Please use the Insert button to insert
the initial loan draw and as the payment is received use the
Insert button to insert row from the initial loan draw and
write some notes in the Description column. You can use the
Description column to write the actual payment date and the
check #. back to top
Q: My next question
to you is do you have a program that will take each finance
customer and when their payments arrive apply it to some kind
of spreadsheet, calculate the exact interest based upon the
day payment was received and then compute a running balance?
A: Yes, we do have a program that allows you
to enter payments at the actual date and amount received.
LoanAmortizer Enterprise calculates the exact interest based upon the day
payment was received and then automatically computes (recalculates)
a running balance. back to top
Q: Do you have a
program that provides the option for additional principal
payments? Is there any way to track Construction loan - with
further draws, principal only payments and new rate can apply
at any time something like Adjustable rate mortgages?
A: Yes, we do have a program that allows increasing
the principle payments with a certain amount and then automatically
recalculating the outstanding loan amount. Also, it allows
you to track a construction loan - further draws, principal
only payments and you can change the interest at any time
then use the recalculation function of the program to recalculate
the outstanding loan amount. back to top
Please take a look at the info pages of LoanAmortizer Enterprise
and most important - you can download the program and test
it for 15 days. What we have available on the Internet servers
are fully functional, time limited only, financial applications.
Q: Does "manual
amortization" mean that the days between payments can
vary?
A: Yes, dates and amounts can vary while entered
into the schedule.We use the term Manual loan amortization
to describe the irregularity of payments in terms of dates
and amounts. You basically create an initial loan amortization
schedule which because one reason or another can not be fulfilled
100% and delays, short, late or early payments occur. Then
you have to enter a new date (the actual) and the new amount
(the actual) to record the specific payment. Based on the
date and amount the interest and principal amounts are different
of course. You can do that on two different pages - the initial
loan amortization schedule or on the manual loan amortization
schedule (not connected to the initial one). back to top
Q: Is there a way
to enter multiple balloon payments during the life of the
loan?
A: LoanAmortizer Professional allows only one balloon payment
within the schedule besides the generally known balloon payment
at the end of the loan, while LoanAmortizer Enterprise allows complete loan
amortization management (including multiple balloon payments
after the schedule is once build) and actual payment tracking.
back to top
Q: I am tired of
reading about LoanAmortizer Enterprise capabilities. Tell me how to enter
the actual payment info into the LoanAmortizer Enterprise? How do I add an
extra payment into the amortization schedule?
A: Please download and read the LoanAmortizer Enterprise manual.
back to top
For LoanAmortizer Technical Support options, visit the Product
Support page. |
