Home Ownership, a Myth?
The latest financial tool to keep the American Dream alive

South Dennis, MA, February 20, 1993 ---- Personal Vision is proud to
announce the release of Home Ownership plus for Windows. Home Ownership
plus focuses exclusively on the complex issue of home financing. The
software package analyzes mortgages from a wide variety of angles and
contains lots of valuable mortgage information.

Home Ownership plus has the following features:

* Rent versus buy analysis
* Monthly payment calculator
* Total cash needed to close
* Mortgage analysis and comparison
* Variable rate mortgages: best and worst case scenarios
* Savings through prepayment
* Refinancing with break-even analysis
* Home equity/Home improvement loans
* Comprehensive graphs and reports
* Mortgage checklist
* Glossary of Mortgage Terms
* On-line Mortgage Expert
* Context-sensitive on-line help

The features in detail:

* Rent versus Buy Analysis 

This option lets the users calculate the cheaper alternative: renting a
home or buying a home. The program takes into consideration homeowner fees
and taxes as well as the users personal income tax bracket.

* Qualification 

This feature lets the users calculate the maximum monthly mortgage payment
and the maximum mortgage amount they can qualify for. The qualification
section takes into account the standard qualification rules applied by
conservative lenders.

* Adjustable Rate Mortgages: Best and Worst case scenarios 

The program automatically creates best and worst case scenarios for any
adjustable rate mortgage. The users can review these cases graphically as
well as in actual dollar amounts. The program also shows the user what
would happen to their monthly payment once the low introductory teaser
rate expires, even if the Index would stay the same.

* Savings through Prepayment 

Users can see what effect prepayment has on the life of their current
mortgage or any new mortgage they are thinking of getting. They can choose
four different prepayment types: Fixed amount each payment, Lump sum,
every year, Lump sum, specific date and Fixed total amount

* Refinancing with Break-Even Analysis 

The program can determine the break-even point of the users' refinance
investment. It will also tell them when to get a Home equity loan, a
Second mortgage and a new Primary mortgage.

* Mortgage Checklist

The mortgage checklist gives users a list of items to talk about with their
lender and get definite answers before signing a mortgage contract.

* On-Line Glossary of Mortgage Terms

Users can get definitions and information about the most commonly used
terms in home financing through the on-line Glossary of Mortgage Terms.

* On-Line Mortgage Expert

Some of the major screens of the program have a field at the bottom which
provides the users with detailed and important mortgage information. This
feature of the on-line mortgage expert can be turned off at any time
during a session and switched on again, at the users discretion. A more
detailed discussion of the important issues facing consumers is available
in the help function and in the manual.

* Context-Sensitive On-line Help

The program provides help for every screen, every mortgage topic or
mortgage term. Help is readily accessible through a Help button in each
dialog. Users can also access the help function through the Fl key or by
using the pull down menu in the program. Once in the help function, the
users can navigate through the comprehensive help function with hotkeys
and icons that link the Glossary, the Program help and the Mortgage
Expert.

"Buying a home or refinancing a mortgage are the most important financial
decisions most people will ever make in their entire lives. And there is
no tool out there for consumers to cut through the bulk of confusing
mortgage terms and information." Robert J. Antonellis, President.

Home Ownership plus requires Windows 3.1 or higher. It retails for $69.95.
Since Home Ownership plus is a new product, Personal Vision has decided to
offer the program to the first 25,000 customers at a special price of $49.
The program can be ordered directly from Personal Vision at
l-800-764-2235.

Personal Vision Inc
123-C Searsville Rd, South Dennis, MA 02660

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