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Predictable might be boring, but boring keeps your credit score happy and your stress level down.
Not sure I totally agree. I get that predictable is nice, but balloon mortgages can work if you know you’ll move or refinance in a few years. Lower payments upfront helped my friend save for renovations. It’s definitely not for everyone, though—timing is everything.
I get the appeal of lower upfront payments, especially if cash flow is tight early on. But what if the market shifts and refinancing isn’t possible when that balloon payment hits? Has anyone actually faced that scenario or found a solid backup plan?
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