Convertible Balloon Mortgage Loan Calculator
These days 5/25 and 7/23 convertible balloon mortgages are getting more
popular since they provide lower rates than conventional 30 year
mortgages while still giving a fixed payment schedule for 5 or more
years. The risk, of course, is what happens after the initial fixed
period is over and you have the possibility of converting your loan.
Here is a calculator to try to answer those questions...
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