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balloon loan,balloon payment mortgage气球贷款(qi4qiu2dai4kuan3)/大额尾付贷款(da4'e2wei3fu4dai4kuan3)
This term refers to a mortgage which does not fully amortize over the term, leaving a big “balloon payment” at maturity. It is a new product introduced by some domestic banks in face of the sluggish mortgage market.
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