Balloon Mortage Loans
Short Term Mortgages
Balloon mortgages are short term mortgages that normally mature in 5 to 7 years. After the maturity period the loan must be paid in full. Often interest rates offered on balloon loans are lower than conventional 30 year mortgages.
Short term mortgages such as the balloon loan are suitable for home buyers that plan on living in thier home only a short time. If you still own your home at the end of the maturity period you should be able to refinance your home at the then current rates.
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Related Balloon Loan Calculators
See Also
National Financer Provides Balloon Mortgage Quotes in all 50 States:
- Alabama Mortgages
- Alaska Mortgages
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- Delaware Mortgages
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- Georgia Mortgages
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- Massachusetts Mortgages
- Michigan Mortgages
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- New Hampshire Mortgages
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- North Carolina Mortgages
- North Dakota Mortgages
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- Oregon Mortgages
- Pennsylvania Mortgages
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- Tennessee Mortgages
- Texas Mortgages
- Utah Mortgages
- Vermont Mortgages
- Virginia Mortgages
- Washington Mortgages
- West Virginia Mortgages
- Wisconsin Mortgages
- Wyoming Mortgages
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