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Is a Balloon Mortgage Right for Short-Term Homeownership or Investment?

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(@jfire91)
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Sometimes locking into a higher rate “just in case” ends up costing more than the risk you’re trying to avoid.

That’s a fair point. It’s wild how much you can save upfront with a balloon, but I always wonder if people factor in credit changes too. If your score drops even a little before selling or refinancing, that backup plan might get expensive fast. I guess it really is about how much risk you’re willing to juggle.

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