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02-21-2009, 07:11 AM
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What's a "balloon note"? Is it like a mortgage?
I was just watching this video about a man who may have to sell his home which he built inside a cave because he had a "balloon note" coming up in 60 days. I may have misheard him, but I think that's what he called it. Sorry if this is the sorta thing I should already know. I'm 17 and don't know a lot about financing, but I'm really curious. Could someone please explain? Thx. : )
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