Tom has obtained a 5/25 balloon mortgage. After the initial period, he decided to refinance the balloon payment with a new 30-year mortgage. How many years will he be paying for his mortgage in total?

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asked Jul 27, 2021 214k views

3 votes

Tom has obtained a 5/25 balloon mortgage. After the initial period, he

decided to refinance the balloon payment with a new 30-year mortgage. How

many years will he be paying for his mortgage in total?

Mathematics
middle-school

Seo asked

by Seo

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1 Answer

3 votes

Answer:

The answer is 35 years.

Explanation:

30+5=35

Sam Stephenson answered Jul 31, 2021

by Sam Stephenson

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