Balloon Amortization+ This program is a 16 bit 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 Win3.1.
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 which,
unless you know "THE NUMBERS" can result in a shock to
your system. Printouts are professional looking and may
be used by financial planners as the program contains a
"prepared by:" area and may be useful to them in
advising a client on this method of mortgage payment by
demonstrating the effect this type of mortgage has on
the term of the loan as well as the total amount of
interest paid.

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