Home Mortgage: The Balloon Loan

Posted on January 8, 2009 by Ilyce R. Glink

A home mortgage with one larger payment at some point is called a balloon loan. This type of mortgage is usually on a second mortgage. With these mortgage loans, most people will sell or refinance before the balloon payment is due. Watch this Expert Real Estate Tips video about these special mortgages and find out if a balloon loan is right for you.

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