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Balloon Amortization + 1.2

effect of reducing initial payments

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Company: Bent Tree Software
Category: Business & Finance / Personal Finance
OS: Win95, Win98, WinME, WinNT 3.x, WinNT 4.x, Windows2000
Download Size: 1.18 Mb
Downloads: 104
Price: $8

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This program is a version of a balloon payment schedule that demonstrates the effect of reducing initial payments and either making a large payment at the end of the balloon period or refinancing the loan. It will run under Win 95, 98, Me, NT4,XP, & 2000. Bankers are currently 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.

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