subject: Loans Offered By Mortgage Lenders [print this page] In Balloon payment, mortgage plan the borrower pays only a certain percentage of the home loans obtained to the lender. After the pre-negotiated period allowing the relaxation is over, the borrower will have to pay balloon amount covering the balance part of the mortgage loan. Some borrowers find it attractive since the monthly payments are smaller in comparison to the 30 year plan.
Loans Offered By Mortgage Lenders
By: kelly price
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