Archive for March 2008

Rent or Buy? How Do You Decide?

Wheatworks Software announces the release of a new Free Rent or Buy Calculator for people considering the question of renting or buying real estate.

Deciding whether it’s better to rent a home or buy a home is a complicated decision. One fallacy that many succumb to is that home ownership is the cornerstone of the “American Dream”. It’s not.

The American Dream is related to life, liberty and the pursuit of happiness. A lot of happy people rent. They’re happy to let a landlord care for the property instead of enduring the stress of falling real estate prices and home maintenance.

Other important considerations include the local real estate market, how long you intend to live in the location, whether it’s a “buyer’s market” or a “seller’s market”, whether you have grown children or haven’t yet had children, and whether your concept of “home” requires ownership.

There are many things to consider when deciding whether to rent or buy a home. Some of these include whether or not you believe real estate is over-priced, the real estate market conditions where you wish to live, how long you’ll live in the home, and other considerations.

The most important consideration is probably financial. Wheatworks’ new Free Rent or Buy Calculator helps people look at the decision from a financial perspective.

Free Rent of Buy Calculator Screenshot

Learn more about the Free Rent of Buy Calculator.

Download the Free Rent of Buy Calculator.

MoneyToys(tm) Calculators Available for Real Estate Websites

FOR IMMEDIATE RELEASE

With the addition of two new calculators, the Average Interest Rate Calculator and the Mortgage Qualification Calculator, the MoneyToys(tm) collection of website calculators has grown to include 17 financial calculators for real estate web sites.

MoneyToys website calculators make it easy for a real estate webmaster to add value to a website. With MoneyToys calculator collection installed on a web site, the site’s visitors can perform financial calculations without leaving the site.

The 17 website calculators in the MoneyToys collection are easy to install. Real estate webmasters can modify the 17 real estate calculators’ default values to reflect local market conditions. Loan amount and interest rates, for example, can be easily configured for an agent’s local market.

With only a few lines of HTML, real estate webmasters can quickly add online interactivity to a web site. The font face, colors and sizes of MoneyToys web site calculators are easily modified so they match the design of a website. In addition, the default financial values can be set to fit any local market.

As website visitors enter their financial values in the MoneyToys calculators they automatically compute and display financial answers. By adding this interactivity to a web site a webmaster increases the time visitors spend on the site.

Included in the growing collection of 17 MoneyToys are simple loan calculators, mortgage qualification tools, loan acceleration calculators, downpayment savings calculators, closing cost calculators, refinancing and payment calculators.

The entire collection of MoneyToys is available for only $139.95 USD. Individual calculators are available for only $39.95 USD.

Real estate webmasters and agents may try the entire collection of MoneyToys at http://www.moneytoys.com. For more information, contact Wheatworks Software, LLC, Post Office Box 7, Ruston, LA 71273.

About Wheatworks Software, LLC

Since 1997, Wheatworks Software, LLC has created innovative financial calculators for consumers, professionals and companies in the real estate and financial services industries.

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CreditCardBubble.com is Wheatworks Newest Blog

The Credit Card Bubble Blog at http://www.creditcardbubble.com is a place to consider the impact of the credit card bubble on individuals and the economy. So jump in! Share your thoughts, ideas, tips and forecasts.

If you’ve watched the news lately, you’ve heard about the housing bubble. You’ve also heard about the credit bubble. One thing that hasn’t been mentioned too frequently yet is the credit card bubble.

If you heard about it in passing, the comments were similar to, “home owners are maxing their credit cards to pay for basic necessities like food and clothing.” Or maybe you’ve heard the astounding statistics about the number of credit cards the typical person has and the average credit card debt they carry on their cards.

While it has not received as much attention as the housing bubble or the credit crunch, you’ll hear more about the credit card bubble in the future. And it probably won’t be good news.

Average Interest Rate Calculator Available from MoneyToys

Wheatworks Software is pleased to announce the addition of the Average Interest Rate Calculator to the collection of 17 MoneyToys(tm) web site calculators.

This new calculator from Wheatworks is designed for web sites and allows visitors to calculate the average interest rate of their various debts. Knowing the average rate is helpful in determining whether consolidating multiple debts makes good financial sense.

Try our new Average Interest Rate Calculator at: http://www.moneytoys.com/average-interest-rate-calculator.php