7 Year Balloon     

Overview:
A longer version of the 5/25 Balloon Mortgage. Your monthly payment is calculated based on a 30 year amortization schedule, but you are required to pay off your outstanding balance after 7 years.


Is It For You?
This loan is for you if you are certain you will be moving or refinancing on or before the 7 year deadline, and you wish to have the security of a fixed payment amount during this period.

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30 Year Fixed
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Construction - Permanent
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5 Year Balloon
7 Year Balloon
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