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Platinum Partners Realtors
Driscoll Crisp Team, Platinum Partners RealtorsPhone: (630) 674-8320
Email: [email protected]

Tag: Homebuyers

Posted on 09/08/2021
How Does a Balloon Mortgage Work?
Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...
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