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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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A Mortgage In Your 50s

It’s not hard to find a 50-something asking the question, “Am I too old to buy a home?” The answer is, absolutely not. A couple of decades ago, the assumption was that everybody retired around age 60 or 65, but today, three out of four Americans plan to work...

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