Category Archives: Balloon Payment Mortgage
There are several mortgage companies that offer a rich array of loan products of services. Below is short list of these mortgage companies.
Every person who has ever bought a home with a mortgage knows that by the time the pay off is made on the mortgage more is paid to cover interest costs than the actual purchase price of the house.
The other term for a balloon payment mortgage is a partially amortized loan. Balloon payment mortgage is when your liability or obligation is only partially amortized, leaving the rest to be paid upon the completion of the term.