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Balloon mortgage

Definitions

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Tariq Zaki
last edited by

a type of mortgage (= loan to buy property) where the person or company borrowing has to pay a large amount at the end of the loan period:
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Balloon mortgage meaning & definition 1 of Balloon mortgage.

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used to describe a person who has borrowed a lot of money to buy property, or the property itself:
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Balloon mortgage

Balloon mortgage meaning & definition 1 of Balloon mortgage.

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