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April 27, 2006

Balloon Mortgages

A balloon mortgage is a loan that is provided for a short period of time for a set amount of money. Balloon mortgages will often involve periodic payments that are made at a fixed interest rate. During this period, the loan may not be amortized. The balance of the loan has to be paid in full at a specific

From Balloon Mortgages

Posted by Michael at April 27, 2006 12:06 PM