 |
Why Sellers Choose
Marta Mohan: Why home sellers in Richmond, Sugar Land, Fort Bend and Southwest Houston choose
Marta Mohan |
|
Free Presentation: Free
in-home listings presentation on marketing your Richmond, Sugar Land, Fort Bend and Southwest Houston,
Texas property |
|
Property Valuation: How much is your
Richmond, Sugar Land, Fort Bend and Southwest Houston home worth? |
|
What Did That Home Sell For?: What did that
Richmond, Sugar Land, Fort Bend and Southwest Houston, Texas property or other real estate sell
for? |
|
FSBO: Selling your
Richmond, Sugar Land, Fort Bend and Southwest Houston real estate on your own? |
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 did 75% of 10,000 buyers surveyed by the NAR list as their top reasons for selecting a Real Estate Professional?
|
| A |
Knowledge of the housing market, knowledge of real estate practices and financing, and familiarity with neighborhoods. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
