Mortgage Assistant: Navigating The Mortgage Maze

Participants: 

Mark Rusinski
Matthew Rodriguez
Neil Supnekar

Advisor: 
Dr. Sigrid McAfee

Abstract

This project consists of a website which serves to provide an all-inclusive resource for informing a common home buyer about his or her potential mortgage. This is achieved through three main divisions of the website. First, mortgage calculators are provided that can calculate amortization schedules and payment graphs for five common types of mortgages. Secondly, to accompany the calculators each type of mortgage has a corresponding tutorial where the parameters of every mortgage are described in detail, but in a simple, concise manner. Lastly, a collection of various government mortgage programs are also listed on the website with bulleted information about how to receive federal aid for home owners in poor fiscal situations. The end goal of this project is to provide an easy to use educational tool for current and potential home owners so that they may better evaluate if a certain mortgage contract is fiscally responsible and what federal programs may help if they are in danger of foreclosure.

Project Demo Website: http://www.mortgagemaze.net