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From Open Risk Manual
A user with 36,358 edits. Account created on 4 September 2018.
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21 June 2024

11 June 2024

10 June 2024

  • 11:3011:30, 10 June 2024 diff hist +623 N Balloon MortgageCreated page with "== Definition == '''Balloon Mortgage''' is a Mortgage requiring monthly payments of principal and interest in which the period over which the loan is amortized is greater than the term of the mortgage. Principal and interest payments are made until maturity of the mortgage, at which time full payment of the remaining principal, the balloon payment, is due. == Example == A five-year balloon mortgage, with scheduled payments to amortize the loan in 30 years, will s..." current
  • 11:2711:27, 10 June 2024 diff hist +61 Balloon LoanNo edit summary current

9 June 2024

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