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Fixed Rate Mortgages
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Balloon Mortgages
Due to
market fluctuations, interest rates are
subject to change daily. Interest
rates are subject to credit and property
approval based on secondary market
guidelines.
A
balloon mortgage is a fixed rate loan
amortized over a 30 year period but
matures in 5 or 7 years based on the
product selected. The result is a
lower monthly payment and a lump sum
payment due at the end of 5 or 7 year
term. |
