Property Statistics Co. Owner, Adam Bradley Compuserve 72722,1760 Note: If you would like to start right away, the software can be started by entering "points" at your DOS prompt. It is advised to read through this letter first. Registration for the program is at the bottom of this file. POINTS v2.0 Dear borrower: There are more varieties of mortgages offered these days than in the history of mortgage banking. Deciding the right type of mortgage could same the borrower thousands of dollars. Should you buy points on your loan or no points, should you buy a fixed rate loan or a adjustable rate. Property Statistics Co. has designed several programs specifically to aid the borrower in todays complex mortgage decisions. The program which you just downloaded called POINTS v2.0 is designed to aid the borrower in the decision to buy points on a loan or not. One mortgage point is one percent of the loan amount. So; one point on a $110,000 loan would cost $1,100 = 1% x 110,000. Mortgage lender will offer points for sale in order to reduce the interest rate on the loan. You buy one point and you may get 1/4 drop in interest. The amount in interest dropped is up to each lender, its best to shop around. Think of buying points as a way of buying a cheaper interest rate. However; the problem starts when you start to shop around. There are thousands of interest rates to choose from, and for each rate there are several varieties of points you can buy to reduce the rate. It's is very had to determine which style will save you the most money. Also; the money you spend to buy the interest rate down on the loan, probably would of been in your bank account making interest. The software also takes in account your loss each month due to the fact that your not making any interest on the money you used for points. This software will accumulate the interest lost in each style ( points or no points ) and give you the accumulated interest loss for each month of the loan. You need to enter seven numbers listed below. As the software goes through each month you can see how much interest is being lost in each style. 1. Loan amount ( NOTE :not the sale amount of the home, but the loan amount ) 2. The higher interest rate offered with no points. Example .07 3. The lower interest rate offered with points. Example .06 4. Amount of points. Example 1.5 points means one and one half point. 5. The interest rate you can get at your bank. Or the interest you could get on the money you might use for points. Example .025 6. The length of the loan in months.. Note: length must be equal for both higher and lower or you can not compare the two loans. Example 360 . The software can be started by entering "points" at your DOS prompt. If you want a print out right away, your are able to skip right to the printer for a printed version of each month. The specific length of time you should keep your home in order for your investment in points to pay off, is printed out at the end of the report. The software is a Shareware program and a registration fee is required. If you think the program helped you decide on the style of loan that will save you money, then please register the software. Registration fee is $4.95 and new version of the software will be mailed to you as they are written. A list of other programs available from Property Statistics Co. are listed below. All are very impressive and aimed at aiding the home owner financially, and all come with a money back guarantee. FREE COPY: There are many interest rate problems that borrowers are facing these days. I see many mortgage problems the home is faced with, but does not have the means to calculate the solution due to the large amount of calculations in these interest rate problems. If you have any suggestions on a interest rate calcualtion program that would aid you in your financial decitions, please give me a call. If I decide to write up the software to solve your interest rate problem, you will receive a FREE copy when I have finished writing the program. Give me your suggestions. Sincerely: Adam Bradley Property Statistics Co. ______________________________________________ More software for sale. 1.) ASSESSMENT EVALUATOR V1.0 Attention residential home owners. If you have ever wanted to see for yourself whether your homes tax assessment has been over assessed by the city assessor, then this is the software your looking for. Assessment Evaluator is specifically designed to locate over and under assessed residential assessments. Most home owners do not have a glue whether their home is over or under assessed. City assessors do not have time to personally evaluate each home. And hiring an appraiser can cost up to three hundred dollars. When your home is over assessed your paying to much in real estate taxes. In order to appeal your homes assessment, you need to first determine if your home is over assessed. If the software finds your home to be over assessed, the software will also find comparables to add strength to your appeal. It picks out the homes which are most likely to aid your assessment. Assessment Evaluator not only determines over and under assessed values for each home in your neighborhood, but also give you the right comparable properties which will be most helpful in your appeal. The most successful appeals are written by homeowners themselves. You do not need a lawyer to appeal your properties assessed value, however; you do need statistical proof of your homes over assessment. This software offers the statistics which will aid you in your tax assessment appeal. After running the software, you may find your home to be vastly under assessed, but in this case you know not to appeal your properties assessment since this might increase assessment and taxes. Either way it's better to know, and with this software you can do the evaluation by yourself. A nice printed chart of all the homes in your neighborhood with over/under assessment for each home will be printed to your printer. The software comes with a simple user's manual and same information on how to appeal your homes assessment. $24.95 and comes with a money back guarantee if your not satisfied. 2.) ARM v1.0 ARM stand for adjustable rate mortgage. This software is designed to aid the home owner in deciding between a fixed rate or an adjustable rate mortgage. If you plan on staying in your home for only a few years, you could save thousands of dollars if you go with a adjustable rate loan. However; every mortgage company has different rates on their ARM's, and each rate has different maximum jumps per year. ARM lets the borrower look into the future to see how large the payments could get if you choose an adjustable rate and the market turns against you. The accumulated interest is added up and printed out for each month. Each year the new adjustable rate monthly payment is recalculated out so you can see how large your payments could get if the rate jumped it's maximum each year. It's always good to know how large your payments could get if worse comes to worse. The software is able to print out all the results month by month. Cost is $5.95. Money back if not satisfied. SHAREWARE DISCLAIMER - AGREEMENT FOR POINTS PROGRAM ONLY. Users of POINTS must accept this disclaimer of warranty: "*PROGRAM is supplied as is. The author disclaims all warranties, expressed or implied, including, without limitation, the warranties of merchantability and of fitness for any purpose. The author assumes no liability for damages, direct or conse- quential, which may result from the use of POINTS." POINTS is a "shareware program" and is provided at no charge to the user for evaluation. Feel free to share it with your friends, but please do not give it away altered or as part of another system. The essence of "user-supported" software is to provide personal computer users with quality software without high prices, and yet to provide incentive for programmers to continue to develop new products. If you find this program useful and find that you are using POINTS and continue to use POINTS after a reasonable trial period, you must make a reg- istration payment of $4.95 to Property Statistics Co.. The $4.95 registration fee will license one copy for use on any one computer at any one time. You must treat this software just like a book. An example is that this software may be used by any number of people and may be freely moved from one computer location to another, so long as there is no possibility of it being used at one location while it's being used at another. Just as a book cannot be read by two different persons at the same time. Commercial users of POINTS must register and pay for their copies of POINTS within 30 days of first use or their license is withdrawn. Site-License arrangements may be made by con- tacting Property Statistics Co.. Anyone distributing POINTS for any kind of remuneration must first contact Property Statistics Co. at the address below for authorization. This authorization will be automatically granted to distributors recognized by the (ASP) as adhering to its guidelines for shareware distributors, and such distributors may begin offering POINTS immediately (However Property Statistics Co. must still be advised so that the distributor can be kept up-to-date with the latest version of POINTS.). You are encouraged to pass a copy of POINTS along to your friends for evaluation. Please encourage them to register their copy if they find that they can use it. All registered users will receive a copy of the latest version of the POINTS system. ORDER FORM: @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ mail to: Property Statistics Co. POINTS V2.0 Shareware registration fee $4.95 Adam Bradley ARM V1.0 cost $5.95 3850 Woodland Dr. ASSESSMENT EVALUATOR V1.0 cost $24.95 St. Louis Park, MN 55426 "Users manual with software" POINTS v2.0 registration fee $ _______________ "Other programs for sale " 1.) ASSESSMENT EVALUATOR v1.0 $_______________ 2.) ARM v1.0 (adjustable rate mortgage) $_______________ SHIPPING ($1.00) TOTAL _______________ Check payable to Property Statisitcs Co. Your address: Name:________________________________________________ Company:________________________________________ Address:_______________________________________ ________________________________________ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@