Back then, 85 percent of commercial-bank mortgages were for terms of only three or four years and were not fully amortized, ending instead with balloon payments that usually required refinancing.

那时候，85%的商业银行按揭期限只有3、4年，而且并未严格执行分期偿还，贷款者只是在期末偿付特大金额的款项遗弃抵债，这样做通常需要再行筹资。

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Back then, 85 percent of commercial-bank mortgages were for terms of only three or four years and were not fully amortized, ending instead with balloon payments that usually required refinancing.

那时候，85%的商业银行按揭期限只有3、4年，而且并未严格执行分期偿还，贷款者只是在期末偿付特大金额的款项遗弃抵债，这样做通常需要再行筹资。

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