iPhone and Android Apps That Help Manage Mortgage Payments

Posted by Tom Crimmins Realty, Ltd. on Thursday, February 26th, 2015 at 12:55pm.

What aren't you able to access on your phone these days? If the answer is "nothing," you are 100% correct! Everything is accessible right at the tip of your fingers, even paying for your groceries in the store. This past summer we wrote about the best apps to use for your real estate needs and started a social media series.

So here are some apps to help manage your important and challenging mortgage payments for both iPhone and Android.

1.) Mortgage Mentor

This app is available for both Apple and Android users. It can calculate PMI (Private Mortgage Insurance) for adjustable rate and variable rate mortgages, and it can help you to determine the true cost of a mortgage. You can track your account information in real-time, or you can manipulate the numbers to help you to make more thoughtful and intelligent decisions about your finances.

2.) Loan Calculator Pro

It has some of the same capabilities as Mortgage Mentor, but it goes a step above and beyond by providing you with mortgage payment notification reminders. It also has a unique feature that allows you to set a final payoff date for your mortgage, and it will calculate how much money you need to pay per month. Only available on iOS devices. 

3.) Bill Payment Log

A unique system that can entirely replace the outdated manual entry checkbook balancing task. It is accessible with iOS, Android and even Windows. You can use it to monitor and track payments for all credit accounts, including mortgages. It does not have the analytical tools associated with some of the other mortgage apps, those who are looking for an all-in-one app that facilitates bill payment tasks for all accounts, this may be a great option to consider.

Making your mortgage payments on time is important, but you also may need to know if you need to pay extra each month and what the effects of that will be. You may also be concerned about "what if" scenarios for your adjustable rate mortgage. There are numerous apps available on the market today that can help you to facilitate your efforts, and these are among the leading choices available.

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