| 单词 | balloon mortgage |
| 释义 | balloon mortgageWord forms: balloon mortgages countable noun A balloon mortgage is a mortgage on which the repayments are relatively small until the large final payment. [US]balloon mortgage in Finance (bəlun mɔrgɪdʒ) Word forms: (regular plural) balloon mortgages noun (Finance: Mortgage) A balloon mortgage is a mortgage in which you make small payments over a period of time and repay the balance in one large final payment. They have made a down payment on a balloon mortgage that will require huge, escalating payments in the future. A balloon mortgage for $25,000 has interest-only payments for 5 years at 12 percent, with the full principalof $25,000 due after 5 years. A balloon mortgage is a mortgage in which you make small payments over a period of time and repay thebalance in one large final payment. |
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