One of the questions I used to dread answering when purchasing a new property or re-financing an existing one was “what other mortgage and loans do you have?” This is such a time consuming question as it normally involves having to sift through lots of mortgage related paperwork for each property to give them the details that they need.

However, now whenever I get asked that question I just simply say “No problem - can I email the details to you.” The fact is that our property management software solutions now produce a report called Mortgage Broker summary. I simply run the report, save it as an Excel spreadsheet and email it over to the mortgage/broker.

This report includes details of:

- all the mortgages/loans that you have,
- who the mortgage/loans are with
- what amounts are outstanding
- what redemption penalties exist
- and lots more

To see a demonstration of the report from our landlord software solutions click the link: Property Management Software - Mortgage Broker Summary Report

This entry was posted on Friday, October 3rd, 2008 at 12:19 pm and is filed under Property Finance, Property Management Software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.