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Balloon Amortization +
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Version
1.2
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 Win95,98,2000
NT4,Me & XP. 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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