30 year fix vs 5 year Ballon?

[Joseph Bass]

So historically I have always put my BRRRR homes in a 30 year fix product from a DSCR Lender after my renovations are complete. I'm eligible to attain more convention bank financing and my question is should I? 30 year fix at 7% vs 5 y Ballon 20 y am at 5.5%. My payments would be roughly the same but I wonder if it's best to lock in the 30 years now or go with the 5 year Ballon with faster principle paydown. My fear is in 5 year what if rates are even higher ? What are your thoughts