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2. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   An example of a balloon payment mortgage is the seven-year Fannie Mae Balloon, which features monthly payments based on a thirty-year amortization. [5] In the United States, the amount of the balloon payment must be stated in the contract if Truth-in-Lending provisions apply to the loan. [1] [6] Most commonly, term lengths are five or seven ...

3. What is a balloon mortgage? - AOL

   www.aol.com/finance/balloon-mortgage-152953219.html

   Why is a balloon mortgage risky to lenders? Balloon mortgages pose a risk for lenders largely relying on the borrower’s ability to make a large one-time payment at the end of the loan term.

4. Glossary of US mortgage terminology - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_US_mortgage...

   Balloon payment mortgage - A mortgage most commonly used in commercial real estate. The Balloon payment mortgage does not fully amortize over the term of the note, which leaves a balance due at maturity, known as a "balloon payment." Interest only mortgage - A type of mortgage where the borrower pays only the accruing interest on the principal ...

5. Negative amortization - Wikipedia

   en.wikipedia.org/wiki/Negative_amortization

   A 10-year interest only mortgage product, recasting to a 20-year amortization schedule (after ten years of interest-only payments) could see a payment increase of up to $600 on a balance of 330K. Negative amortization mortgage: no payment jump either until 5 years OR the balance grows 15% (depending on the product) higher than the original amount.

6. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   The exception to this is the uncommon balloon mortgage, where you pay a lump-sum at the end of the loan term. Mortgages are also secured loans, meaning that they are backed by collateral — in ...

7. Mortgage note: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-note-does-211132255...

   A mortgage note comes with a promissory note, which is the borrower's promise to repay the loan. The promissory note spells out the loan details, as well as what could happen if it isn't repaid.