|
All agents are NOT alike! Communication is our focus...Come experience the Gallmann Advantage! 440.248.2548.
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
The Gallmann Group is one of The
Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Real Estate Resources:
Special Offers - Special offers for Solon, Twinsburg and Cleveland homeowners from The Gallmann Group. Affiliates - The Gallmann Group's real estate web site affiliates. eNewsletter - The Gallmann Group's Solon, Twinsburg and Cleveland newsletter email will send you the latest real estate information. Today's Real Estate News - Daily real estate news for this neighborhood, Ohio, and United States. Market Conditions Report - Market conditions report for this area, Ohio, and United States. Mortgage Calculator - Quickly calculate how much your monthly and total payments will be with this calculator provided by Homes.com. TripleCalc - FREE Software Download: TripleCalc lets you compare three loans at one time for your property or other Ohio real estate. Top National Real Estate Web Sites - Real Estate Web Sites that include some unique sources of realty information, listings, and more. Ask Anything - Ask The Gallmann Group anything real estate. NUMBER1EXPERTS™ - List of all the NUMBER1EXPERT™ real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale. Real Estate Tips - The Gallmann Group's realty library of real estate tips and advice on everything from preparing your home for sale to negotiating with home buyers to escrow, closing costs, property inspections, and mortgage brokers. Real Estate Trivia - The Gallmann Group's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more. Real Estate Dictionary - Complete real estate dictionary and glossary of realty words you'll use when you list and sell your Solon, Twinsburg and Cleveland property in Ohio, including legal terms definitions, and more. Go to Main Sitemap - Main sitemap sections include Find Solon, Twinsburg and Cleveland Homes, For Home Buyers, For Home Sellers, Solon, Twinsburg and Cleveland Information, Real Estate Resources, and About The Gallmann Group. 
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 |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
|
| A |
Lender in these states must pay interest on funds held in escrow accounts. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
