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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

   Under the terms of a balloon mortgage, the balloon payment is due on the loan’s maturity date. For instance, if you take out a 10-year balloon mortgage, the balloon payment is due once the 10 ...

4. How to read and compare mortgage loan estimates - AOL

   www.aol.com/finance/read-compare-mortgage-loan...

   Balloon payment – Stipulates if there is a large lump due when the loan term ends In sections No. 3 and No. 4 above, you’ll find an overview of your payments and costs:

5. The best home loan: how to shop for and compare mortgage offers

   www.aol.com/finance/best-home-loan-shop-compare...

   Balloon payment: Mortgages with balloon payments have a lower monthly payment (usually only interest) for a period of time. Then, you must refinance or pay off the full balance at the end of the ...

6. Bullet loan - Wikipedia

   en.wikipedia.org/wiki/Bullet_loan

   In banking and finance, a bullet loan is a loan where a payment of the entire principal of the loan, [1] and sometimes the principal and interest, [2] is due at the end of the loan term. Likewise for bullet bond. A bullet loan can be a mortgage, bond, note or any other type of credit.

7. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Often it includes a balloon payment at the end of the first 5 years. This practice has been found controversial by many in the financial world as it is expected to bring about a slurry of new foreclosures in 5 years when homeowners will once again not be able to pay their mortgage due to the interest rate hike, or the balloon payment.