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Home / Columnists / Investor's Corner / INVESTORS’ CORNER: Beware Balloon Payments (access required)

INVESTORS’ CORNER: Beware Balloon Payments (access required)

  Balloon payments occur when your loan has a maturity date before it is completely amortized.  For example, your loan could amortize over 30 years, but your lender could require you to pay the outstanding balance at the end of year 5.  This would mean you need to come up with a HUGE amount of money ...

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