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Mortgage

What is a balloon mortgage payment?

When you are considering home loan options, you may come across something called a lump sum payment. A lump sum payment is often tied to a lump sum loan, which may have lower upfront payments than a traditional loan, but can also increase…

Rate hike for 2 popular loans

Average mortgage refinance rates are on the rise for 15 and 30 year fixed rate refinance loans today. While your personal rate may differ slightly from the average, it's still a good idea to see what a typical borrower would pay for a…