We are working on releasing an applicaiton for iPods and iPhones that would help you determine how much house you can really afford to buy. (We hope to launch it in a month.)

This is especially important as interest rates may be rising. WE also allow you to compare renting vs. buying – an idea that would have saved people money over the last few years.

Here is a brief summary of the basic app:

Mortgage Calculator

Buying a house takes capital for the down payment and cash flow to cover the mortgage and other payments. This application allows you to analyze your ability to purchase a house, with the impact of the “tax shield” or savings generated by deducting your mortgage interest. This lowers your effective payment, which is important to know if you can really afford to purchase a house.

Let us know if you have questions or comments. Thanks,

Steven