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[trx_video url=”https://www.youtube.com/watch?v=YcX3IdXzZWs” autoplay=”off” title=”off” bottom=”20″] Balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in...
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