Isell-SanDiego-Homes.com |
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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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