Balloon Mortgages
Balloon mortgages are home loans that typically last for shorter periods of time, most are between 3 and 10 years, and these types of loans allow the borrower to pay lower monthly payments and interest rates. Often when the loan period has ended the home owner is required to pay the remaining balance in full. When certain criteria are met lenders may convert the home loan to a fixed or adjustable rate mortgage.
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I contacted Hansen Financial Services about refinancing. The paper work was easy and the request was processed in time. I recommend this company to people looking for Refinance."
Lisa Smith
I was looking for a mortgage however was not sure which company to go with. I was then referred to Hansen Financial by my friend and was happy to deal with them."
Russ Comeau
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