WELCOME TO MORTGAGE WIZARD PLUS for Windows95/98/NT
===================================================

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1. HOW TO INSTALL MORTGAGE WIZARD PLUS  
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All files of Mortgage Wizard Plus are compressed into either
a self extracting file mw52-32.exe (or mw52b-32.exe)or a zip 
file mw52-32.zip (or mw52b-32.zip). 
Installation of the self extracting file mw52-32.exe is simple. 
All you need to do is run mw52-32.exe. To install the zip file, 
you need to obtain a program to unzip files and carry out the 
following steps:

a). Unzip the compressed file to a temporary folder on your 
hard disk. e.g. c:\mwtemp.
b). Now run c:\mwtemp\mw52-32.exe program.
 
The install program will ask you whether you wish to install 
Mortgage Wizard Plus in the c:\Mortgage Wizard Plus folder, 
which it will create, or whether you prefer to choose your own 
folder. 

After installation, a separate program group and icons will be 
created. To run the program, doubleclick the Mortgage Wizard 
Plus icon.

You can now delete your temporary folder c:\mwtemp, but before 
you do this. you may want to copy the mw52-32.zip or mw52-32.exe
file to a high density diskette. While you do this make some 
disks for your friends too. Your friends are likely borrowers 
too. So why not do them a favor with this handy program. 

2. MORTGAGE WIZARD PLUS FREEWARE EDITION 
----------------------------------------
 	Mortgage Wizard Plus comes in 2 editions, a FREEWARE 
EDITION and a REGISTERED EDITION. There are no license fees for 
the FREEWARE program as long as you do not use it for 
commercial purposes. You are encouraged to make copies of this 
program for your neighbors, friends, relatives, colleagues and 
your customers. (Yes your customers. Is there a better product 
for promotions?). Although using the program is free, Copyright 
still applies. Please read paras 8 and 9. Don't think this 
program cannot be much because it is free. You will be  
pleasantly surprised! Mortgage Wizard Plus replaces your book 
with mortgage tables. The book with tables is not so handy. 
Just try to find the interest column for 7.95 %, or see if $ 
87,234.78 is listed under mortgage amounts. You can calculate 
required payments, remaining balance, duration of mortgage 
and more. Mortgage Wizard Plus shows you the distribution of 
payments in a tabular as well as in pie chart form. The 
amortization schedule looks like a standard Windows application 
spreadsheet with screen splitting and formatting capabilities. 
Several reports can also be created.


3. MORTGAGE WIZARD PLUS REGISTERED EDITION	
------------------------------------------	
A professional version of Mortgage Wizard Plus is available for 
commercial users and smart people who realize that paying off a
mortgage is the first step in creating financial independence.
In Canada, investing in a personal residence is the only tax 
free investment a person can make. If you buy stocks, bonds or 
whatever, you pay tax on any profits. Even a registered 
retirement savings plan lets you only defer the taxes. The day 
you and your spouse die, 50% goes to the government. Mortgage
Wizard Plus is presently in use by accountants, real estate 
agents, lawyers, schools, mortgage funds, banks and also by 
many who prefer to use this program for other types of loans 
such as car leases. The program is also popular with many 
individuals who are convinced that they cannot count on the 
government to help them significantly through retirement and 
that paying of a mortgage is the start of a plan that allows
one to retire earlier. The additional capabilities of the 
registered edition include editing features i.e. the capability 
to add lumpsum payments, change payments and change interest 
rates. The effects of editing will also show up in the various 
line, bar and pie charts, the Year End report and Summary 
reports. The registered edition lets you customize your 
printouts, with a Header showing your name or company name and 
address. The registered edition is not free but it is a bargain 
and the program will pay for itself many times as long as you 
use it.

4. FREE EVALUATION OF THE REGISTERED EDITION	
--------------------------------------------	
You are not sure whether you want to spent money on the 
registered edition? The editing capabilities of the registered 
edition can be evaluated with the FREEWARE edition as long as 
you enter an interest rate of either 10.55 % or 15.55 %. 
Convince yourself of the fact that MW-Plus can likely help you 
save more money than any other program presently installed on 
your computer. 

5. THE MORTGAGE WIZARD PLUS DOCUMENTATION
-----------------------------------------
On Line Help is available and a manual file mwmanual.rtf is also
included. The manual file is in RTF format. This is not a Word 
processor specific format. Every major word processor is however 
capable of opening files in RTF format. But do not use Wordpad, 
unless you have to. Wordpad cannot recognize page breaks, 
justified text and other formatting. The Manual explains 
features and capabilities of Mortgage Wizard Plus. The formulas 
used by Mortgage Wizard Plus and some undocumented items are 
also in this manual. If you have problems, please follow the
Get Started section in the manual.

Please visit one of my web sites regularly for bug reports, 
work arounds, upgrade info, patches, hints, etc. The URLs are:

http://mwplus.hypermart.net/
http://www.intranet.ca/~hollander/
http://www.geocities.com/SiliconValley/Lab/4103/


6. MORTGAGE CALCULATIONS
------------------------
Method
======
Mortgage Wizard Plus calculations are either a conventional 
method (360 day method) or a method based on exact day factors.
With the conventional method, each month equals 1/12 th of a 
year. A 28day, 29 day, 30 day and 31 day month are treated the 
same. Books with Mortgage tables are also based on this method. 
Mortgage Wizard Plus can also calculate your mortgage based on 
one of two Exact day factor methods. Both methods are basing 
the calculation on the exact number of days from the previous 
payment. With the first exact day factors method, the interest 
is based on 365 days per year every year. Feb 29 is with this 
method an interest free day. The second method is based on the 
actual number of days in the year. These exact day methods are 
used by many financial institutions. Mortgage calculation based 
on exact day factors will produce a somewhat different 
amortization schedule.    

Accuracy
========
Mortgage Wizard Plus is incredibly accurate. All calculations 
are based on using double precision floating point numbers. 
This means that individual calculations are accurate to 15 
decimal places. The numbers displayed in the amortization 
schedule are rounded to two places after the decimal separator. 
These rounded numbers are of course not used for subsequent 
calculations.

Of interest to Canadians
========================
After installation, Mortgage Wizard Plus will display an 
American Stars and Stripes flag. This means that Mortgage 
Wizard Plus will initially be set up to calculate American
mortgages. To calculate Canadian mortgages simply select 
Canada from the country menu. The familiar Maple Leaf flag will 
appear on your screen and the next time you run Mortgage Wizard 
Plus, your start up screen will be for Canadian mortgages. 
(Canadian mortgages are based on semi annual compounding, while 
your payment period may be weekly, monthly or whatever.) In 
Canada, investing in your personal residence is a tax free way 
of saving. And since interest payments are not a tax deductible 
expense, it is wise to increase your mortgage payments and make 
lumpsum payments whenever you can. E.g. When you get a better 
job, when you get a tax refund, when you get a bonus, when you 
win in the lottery or when you inherit money. With Mortgage 
Wizard Plus you can see for yourself how you can be mortgage 
free sooner and how you can save many thousands of dollars on 
cumulative interest. You can buy a boat, RV or do something 
else with the money you save on your mortgage over the years.

Of interest to French Canadians and foreigners
==============================================
Mortgage Wizard Plus requires you to enter currency, numbers 
and dates in accordance with Windows(TM) Control Panel 
settings. This means that 100000 in your currency and Oct 15, 
1998 will generally be displayed as follows:
In USA as:             $ 100,000.00.      and   10/15/1998
In Quebec as:            100 000,00 $     and   1998-10-15
In The Netherlands as: F 100.000,00       and   15-10-1998
In Germany as:           100.000,00 DM    and   15.10.1998

Please observe the required decimal separator and date 
separator. The use of currency symbol and 1000's separator are 
optional. You do not need to enter these. This program is smart 
enough to do it for you. In many foreign countries, mortgages 
are calculated the same way as in the United States.  If 
however your mortgage is calculated unlike the Canadian or US 
method, Mortgage Wizard Plus Plus may be able to do the 
required calculations by selecting another compounding period. 

7. DISCLAIMER OF WARRANTY
-------------------------
The software is provided "as is" without warranty of any kind. 
The author does not warrant, guarantee, or make any 
representations regarding the use, or the results of the use of 
this software and written materials for correctness, accuracy, 
reliability currentness or otherwise. The entire risk as to the 
results and performance of the software is assumed by the user. 
The author shall not be liable for any direct, or indirect loss 
resulting from using this software.
 
8. THE LEGAL PART
-----------------
   Mortgage Wizard Plus  
   Copyright _ 1993-1999 by Harry Hollander. All rights reserved.

	hollander@intranet.ca
	RR1 Braeside, Ont. CANADA
	K0A 1G0

No one may modify Mortgage Wizard Plus files in any way, 
including but not limited to decompiling, disassembling, or 
otherwise reverse engineering the program. Please read the 
licensce.txt file for additional limitations and conditions for 
distributing Mortgage Wizard Plus. 

9. DISTRIBUTING MORTGAGE WIZARD
-------------------------------

A limited license is granted to copy and distribute the 
FREEWARE edition of Mortgage Wizard Plus for the use by others, 
subject to the above limitations, and also the following:
a). Mortgage Wizard Plus must be copied in unmodified form as
    zip file mw52-32.zip or as the self extracting file 
    mw52-32.exe.
    You are not authorized to change files and/or to delete 
    files.
b). No fee, charge, or other compensation may be requested or 
    accepted, except as authorized below:
 i.  Operators of electronic bulletin board systems may make
     Mortgage Wizard Plus available for downloading only as
     long as the above conditions are met:
     A fixed or time-dependent charge for the use of the
     bulletin board system is permitted as long as there is not
     a specific charge for downloading the Mortgage Wizard Plus
     program.
 ii. Vendors of shareware software may distribute Mortgage 
     Wizard Plus on disks subject to the above conditions and
     subject to the following:
     Vendors are permitted to charge a disk duplication, 
     packaging, handling fee, and some profit as long as the 
     price for the end user of this software does not exceed
     five dollars plus taxes.
 iii.Anyone distributing Mortgage Wizard for any kind of 
     remuneration must provide me with their name and address 
     so that I can keep all distributors up-to-date with the
     latest version. 
 iv. Anyone distributing Mortgage Wizard Plus, please check the
     program before shipping e.g. by doing a checksum test 
     prior to shipment and please ensure that your files are 
     free of viruses.

c). You are not authorized to distribute files and procedures 
    for converting the freeware program to the Registered 
    edition. 

10. SITE LICENSE

A site license can be obtained if you wish to install this 
software on more than 1 computer. 

11. TRADE NAMES
---------------
All tradenames referenced in this file are either trademarks 
or registered trademarks of their respective companies. Windows 
is a trademark of Microsoft Corporation.

12. CUSTOMIZED APPEARANCE (For large volume distributors)
---------------------------------------------------------
Please contact me for custom versions of Mortgage Wizard Plus 
i.e., versions carrying your logo, colors, etc. 

13. BUGS
--------
Mortgage Wizard Plus is a mature product and is believed to be 
error free. If you do find a bug however, I would appreciate if 
you tell me about it. Sometimes an error message will appear 
explaining where the error occurred. The error screen will not 
tell you, what caused the error. May be you can tell me. Thanks 
in advance for your help. I am also happy to hear what 
additional capabilities you like to see added to future 
versions of Mortgage Wizard Plus. If you ever see an error 
screen popping up, you may have to quit and restart Mortgage 
Wizard Plus. Please let me know the version you are using.
 
14. PRODUCT DESCRIPTION FOR USE BY SHAREWARE VENDORS 
----------------------------------------------------
Suggested text for describing Mortgage Wizard Plus in catalogs.

This nice intuitive FREEWARE program can calculate payments, 
remaining balance, amortization period and more. The 
amortization schedule is in scrollable spreadsheet format with 
screen splitting, formatting and editing capabilities. Payment 
distribution is displayed in tabular and pie chart form. The 
program does Canadian, American and foreign mortgages. 
Includes on line Help. Nice screen displays and printouts.
 
