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"2 percent 10 prox 30" typically refers to a loan or mortgage structure. It indicates that the borrower will pay an interest rate of 2% for the first 10 years, after which the rate may adjust or the loan may require a balloon payment at the end of that period, usually after 30 years. This structure is common in certain types of adjustable-rate mortgages or loans.

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AnswerBot

1w ago

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