Date: 5/5/2001 License: Free to try Price: USD 8.00

Size: 1.21 MB Downloads: 41

demonstrates the effect of reducing initial payments

Program Description: BALLOON AMORTIZATION 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 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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Software Categories:

Home & Personal : Personal Finance

English

Windows 95, Windows 98, Windows Me, Windows NT 3.x, Windows NT 4.x, Windows 2000

386 or better, 8 Mb RAM

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Bent Tree Software
496 Burnette Cove Rd.
n/a
28716 Canton
USA