Balloon Amortization
Program Description: BALLOON amortizationThis program is a version of a balloon payment schedule that demonstrates the effect of reducing initial payments and either making a largepayment at the end of the balloon period or refinancing the loan. It will run under Win 95, 98, Me, NT4, XP, & 2000. Bankers arecurrently touting mortgages with a one to five year balloon.What they don't tell you is that the interest is usually based on a 30 year term which, unless you know "THE...
Tags: personal finance, compare loans, software, shareware, balloon amortization,
