Main Telephone: 860-561-4551
Balloon Mortgage
A balloon mortgage, which is amortized for a longer period than the term of the loan. Usually this applies to a thirty-year amortization and a five-year term. At the end of the loan's term, the remaining outstanding principal on the loan is due. This remaining payment is known as balloon payment.
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Main Telephone: 860-561-4551 Fax: 860-266-4789
License #17578/17580
Email: mortgage@mgmortgageusa.com
License #17578/17580
Email: mortgage@mgmortgageusa.com