SBG Real Estate launches a new iPhone app called iAPR to help borrowers easily compare loan options and make informed decisions. The app calculates the Annual Percentage Rate (APR) to show the true overall cost of loans, including fees. It allows users to compare loans side-by-side based on APR and identifies the lower cost option. The app also includes a loan and mortgage calculator as well as a home buying estimate tool.

1. iAPR Helps Borrowers Compare Loans Wisely and Save
SBG Real Estate launches a new iPhone app, iAPR, to help borrowers make intelligent choices when
shopping for loans or mortgages.
Milpitas, CA. March 29, 2011
Shopping for a mortgage or loan is not a easy task. In addition to comparing rates, borrowers have to
compare loan costs and fees which vary from one lender to another. Common borrowing questions
including when is it a good time to pay additional fees to lower the interest rate, what is the minimum
holding period to justify paying additional costs to lower the interest rate, and what is the overall costs
of the loan.
SBG Real Estate introduces an iPhone app, iAPR, that will answer the above questions in a matter of
seconds. iAPR will ease the pain of comparing loans, whether it a home loan, auto loan, or a refinance
loan. It will help borrowers compare loans with confidence and make a intelligent choice when picking
a loan.
iAPR analyzes and compares loans based on the loan's APR (annual percentage rate). APR is the
effective cost of a loan in terms of percentage which takes into account of all loan costs. In effect, the
overall loan costs is converted to a percentage, so that loans can be compared easily in a apple-to-apple
comparing fashion.
The definition of APR varies due to the inclusion and exclusion of certain loan charges. Therefore, the
APR presented by lenders may not include all of the loan costs. This app will allow a borrower to
include ALL or ANY loan costs in the calculations and comparisons, so he /she knows the true costs of
the loan.
If a borrower has to pay additional fees or costs such as points to get a lower interest rate, iAPR will
calculate the breakeven point or minimum holding period to justify paying the additional fees and
costs. Because the costs of loans are based on loan size and term, holding periods will only be
calculated for loans with the same amount and term.
This app is designed with consumers and professionals in mind. Consumers with access to the app can
make intelligent mortgage and loan choices. Loan, mortgage, and real estate professionals can help
their clients/customers pick mortgage according to their needs.
What is more? This app also comes with a simple payment calculator with amortization feature and a
mortgage calculator for home buyer. Home buyers can simply enter their home price, downpayment,
and loan information to obtain a estimate of their monthly housing expenses that includes mortgage
payment, property taxes, insurance, HOA, and other housing expenses.
Finally, this app is packed with many features including bookmarking, email, help info, settings, and
more.
This is a valuable iPhone app for anyone looking for a home, an auto, or a refinance loan. It will help
borrowers to compare wisely and save.

2. Features:
1. APR calculator (home, auto, refinance loans)
2. Calculates the true costs of a loan in terms of APR (%)
3. Calculates the holding period of a loan should you pay additional costs to get a better rate
4. Compare two loans side-by-side
5. Identify the loan with a lower cost (APR)
6. Loan calculator for borrower (home, auto, credit card loans)
7. Purchase calculator
8. Help info available for Buyer calculator
9. Ease of use – large number keypad
10. Ease of navigation – never have to scroll to input numbers
11. Intuitive & user-friendly user interface
12. Convenient calculator for adding loan costs
13. Email feature – email results to clients
14. Bookmark feature– save important calculations for future reference
15. Settings – property tax rate and insurance in the iPhone Settings app
16. Calculate APR for any loans including FHA, VA, & conventional loans
17. Monthly payment
18. Monthly housing payment summary
19. Amortization schedule
20. iOS 4.2 or later (please download the latest iOS)
Go to the the iTunes App Store: http://itunes.apple.com/us/app/iapr/id427544287?mt=8&ls=1
About Us
SBG Real Estate (www.sbg81.com) is a real estate software company that develops mobile applications
for the iOS platform.
Visit us on Twitter: http://www.twitter.com/sbgrealestate
Contact Us
If you'd like more information about this topic, please contact us at info@sbg81.com. You can also
write to us at 45 S. Park Victoria Dr., Suite 333, Milpitas, CA 95035
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