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Real Estate Center
Eagle Nationwide Mortgage
255 Wall Street
Kingston, New York 12401
255 Wall Street
Kingston, New York 12401
Main Telephone: 1-800-513-0185
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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