|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 972-381-6119.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
Buyer's Testimonial
"From start to finish, we could not have been more impressed with the extradordinarily high level of service..."
Testimonial from John and Gay Anderson
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Kathy Brown is one of The Top
Selling Real Estate Experts™
|
|
 |
|
 |
 |
About
North Dallas, Carrollton, Lewisville, Flower Mound, Coppell and Plano:
Moving to North Dallas, Carrollton, Lewisville, Flower Mound, Coppell
and Plano, Texas? Get info here... |
|
Relocating?:
Free real estate information & relocation package if you're
relocating to North Dallas, Carrollton, Lewisville, Flower Mound, Coppell and
Plano, TX |
|
School
Information: North Dallas, Carrollton, Lewisville, Flower Mound,
Coppell and Plano schools and the education system in Texas: kindergarten,
elementary, high schools, colleges & universities |
|
Local
Maps & Links: North Dallas, Carrollton, Lewisville, Flower Mound,
Coppell and Plano maps & local/Texas web site links for news & media,
TV stations, radio stations, daily North Dallas, Carrollton, Lewisville, Flower
Mound, Coppell and Plano newspapers, transportation, airports & bus
terminals, Texas & local government, and more |
|
Local
Weather: Weather in North Dallas, Carrollton, Lewisville, Flower Mound,
Coppell and Plano, Texas: spring, summer, winter, and fall climate
changes |
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
|
| Q |
What is the mysterious American island whose private owners are intent on preserving the ways of early island life?
|
| A |
The Robinson Family, owners of Niihau, Hawaii, have done everything in their power to preserve traditional ways. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
