You may have heard that one of the linchpins of the federal government’s multi-pronged effort to save the crumbling American economy may include Uncle Sam himself underwriting home loans at 4.5%.
What better time then, to spend $4.99 on an iPhone app that may help you navigate the treacherous waters of real estate finance and help you make sound financial decisions for you and your family?
Foggy Noggin Software’s Loan Shark app is a timely, easy to use loan calculator. Enter the information you know, click a button for the field you want calculated, and Loan Shark fills in the amount for you.
With Loan Shark for iPhone and iPod Touch (requires 2.0 update) you can:
* Enter loans from different banks and save for later comparison.
* Calculate how long it will take to pay off credit cards.
* Determine how much in interest loans are costing you.
* See in real time how an extra payment a year affects your loan.
* Easily compare loans to see which is best.
The app lets you calculate any component of the loan, including payment, interest rate and loan amount; see the full Amortization Table for the lifespan of the loan; set your local currency in preferences; find Banks in your area. It also calculates semi-annual interest for Canada and other countries.
Foggy Noggin has some other cool looking software projects, too, including desktop and cookie managers, so be sure to check out their website.
3 responses to “Loan Shark – Another Timely App for iPhone, iPod Touch”
More ways to enslave people lol
Loan sharks are a scary way of getting funds that’s for sure. I can thing of a lot of better ways without putting my family at risk. A lot of people seem to be looking for online loan sharks which is crazy.
I think the best thing to do when you need money is to look into payday loans or personal loans. At least they don’t come after your kids when you don’t pay…
Great post!