How Does a Balloon Payment Mortgage Work?

The speaker covers the basics of a balloon mortgage and discusses the payment schedule of this loan.  In a balloon mortgage, borrowers pay a fixed amount for a specified number of years and then owe the entire outstanding balance once the balloon period is complete.
Tim Ord
Ord Oracle

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...
Day Trading Simulator provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

Send this article to a friend.

Enter multiple addresses on separate lines or separate them with commas.