What is a balloon mortgage?

In Loans - Asked by Admin - 5 months ago

A balloon loan or mortgage is a special type of loan that is typically a short term fixed rate loan with small payments to begin with and then a large payment after the principle period.

Answered by Admin - 5 months ago

Tags: balloon mortgage, balloon payment, loan, fixed rate loan, short term loan, what is a balloon mortgage?

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What is a balloon mortgage?

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