The Balloon Loan

The speaker discusses the basics of a balloon mortgage.  A balloon mortgage requires that the borrower repays the outstanding loan balance once the loan period is satisfied; for example, if a borrower took a 15 year balloon, he would be responsible for paying the loan balance off in full after 15 years.  He mentions that most homeowners will refinance their loans before the balloon payment will be due.
Tim Ord
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Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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