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Definition of Baloon Mortgage from Mortgage Glossary

Baloon Mortgage

Baloon Mortgage is usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the contract.

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    Baloon Mortgage
    Baloon Mortgage Baloon Mortgage is usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the ... more...


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