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Balloon Mortgage

A Balloon Mortgage is a type of mortgage which is generally short in length, but is amortized over twenty-five or thirty years so that the borrower pays a combination of interest and principal each month. At the end of the loan term, the entire balance of the loan must be repaid at once.
(more Balloon Mortgage information below useful links)

See Also

Interest
Loan
Mortgage
Principal

More Balloon Mortgage Information

Search ThinkGlink.com real estate articles and personal finance articles for this term: Balloon Mortgage