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Balloon Mortgages
Questions on Balloon Mortgages What Is a Balloon Mortgage? How Does a Balloon Mortgage Differ From an ARM? What Are the Advantages and Disadvantages of Balloon Mortgages Relative to ARMs? Can Borrowers Depend on the Lender's Commitment to Extend the Term of ("Roll-over") a Balloon ... more... 40-Year Loan or Modify the 30 and 15? November 8, 2004 Is the 40-Year Mortgage a Useful Instrument? I don't think so. While 40-year mortgages increase affordability by reducing the mortgage payment, the reduction is very modest. Furthermore, a small tweaking in the 30-year mortgage would accomplish the same thing, ... more... |
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balloon mortgages related definitions |
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Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about balloon mortgages Reverse Mortgages: Information You Need to Know Flexible Mortgage Tips Gearing Up for Bad Credit Mortgages Adjustable Rate Mortgages - Understand the Benefits Compared to a Fixed Rate Mortgage Thought You Can Go All Alone In Mortgages! Mortgage Advice Beneficial In All Important Decisions What is a Flexible Mortgage? Mortgages for Dummies: Option Adjustable Rate Mortgages Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage What is a Self-Certification Mortgage? Reverse Mortgages a Reversal of the Mortgage Process
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