Homeowners can save money with new software Mortgage Analyzer

BOUNTIFUL, UTAH -- May 10, 1993 -- Insight Software Solutions today
announced the release - The Mortgage Analyzer version 1.05, a financial
software package for the IBM PC. Homeowners can save money by applying
loan acceleration concepts to their mortgage. By paying an extra $100.00 a
month on a typical $100,000 mortgage, homeowners can save over $90,000 in
interest payments. See graph below.

Loan acceleration can be illustrated with recurring extra payments,
variable extra payments, variable payments, double principal payments, 13
monthly payments, 26 half month payments, 52 quarter payments and growing
equity payments. An accelerated mortgage schedule and/or summary can be
viewed or printed by itself or side by side with the basic non accelerated
mortgage.

"In 1991, over 4 million new and existing homes were sold. For most people,
buying a home will be their single largest expenditure in their life. The
financial decisions behind the home buying process can now be easier and
interest savings can be realized by use of The Mortgage Analyzer software
package." said Michael D. Jones, President of Insight Software Solutions.

Potential homeowners can now compare their mortgage options to determine
the best solution for them. Two complete mortgages can be entered and
compared. If the effect changing the points and interest rate are desired,
simply enter the mortgage information for both mortgages and a sided by
side schedule and/or summary is produced allowing the user to visualize
the impact.

Other features include tax savings analysis, loan qualification,
refinancing and a solve for missing loan value calculator. The program
handles fixed, stepped, adjustable and reset rates. Points, daily
interest, mortgage insurance, homeowners insurance, property tax and
closing cost are accounted for.

Professional reports and schedules can be viewed on screen, printed or sent
to an ASCII file. Schedules can be printed either on a yearly or monthly
basis, a calendar or fiscal year basis, using cumulative or non cumulative
values and using whole dollars or exact cents. All information can be
saved and retrieved for multiple clients.

Unlike similar programs, there is no need to wander through endless screens
entering data wondering when the last screen is at hand. Mortgage schedule
and summary inputs are contained on one screen with the use of function
keys to branch out to less common needed items such as 360 interest rate
inputs for use with ARMs. The Mortgage Analyzer is menu driven with help
for all input fields. The menu, help, look and feel all make the program
intuitively easy.

The Mortgage Analyzer is "unusually well-done" and "easy to use, very quick
and well documented" said Peter G. Miller, author of The Common-Sense
Mortgage and Real Estate Host for America Online. "Two mortgages can be
compared side by side, a great feature."

The product is designed for the homeowner or potential homeowner. It can
also be used by professionals including accountants, lawyers, financial
planners and real estate agents and brokers.

The Mortgage Analyzer can be run on any IBM PC compatible computer with
512K of memory using DOS 2.0 or greater. A hard disk is not required,
however it is recommended for use with multiple clients. A printer capable
of printing in a condensed mode is required for some reports.

The price of The Mortgage Analyzer is $25.00 and may be obtained from
Insight Software Solutions, P.O. Box 354, Bountiful, UT 84011-0354, (801)
295-1890. Site licenses are available.

Founded in 1990, Insight Software Solutions is a producer of financial
software packages designed for the professional and the average user. The
company provides easy-to-use and feature-rich software at a reasonable
price. Sales span four continents including nine countries. Michael D.
Jones, founder and President, has over seven years experience in the
finance industry. He holds a Bachelor Degree in Computer Science and has
been awarded the FLMI insurance designation.

ISS Insight Software Solutions
P.O. Box 354, Bountiful, UT 84011-0354
(801) 295-1890;   Fax: (801) 299-1781
BBS: (801) 963-8721 (join conference 4) CIS: (1672,3464)

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