Category Archives for "Loan"

Balloon Payment Mortgage Dave Fox MN
Feb 21

What is a Balloon Payment Mortgage?

By Mortgage Foxes | Loan , Mortgage

The other term for a balloon payment mortgage is a partially amortized loan. Balloon payment mortgage is when your liability or obligation is only partially amortized, leaving the rest to be paid upon the completion of the term. Because the initial interest rates and monthly payments are lower, a balloon payment mortgage is paid off […]

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