arrow

Got a Home in Virginia?
Get Your Best Mortgage From Just 2.21%

balloon mortgage defined

Balloon Mortgage Risks

Balloon mortgages are home loans that have a payment schedule based on long term repayment but have the entire balance due after a shorter period of time. As an example a seven year balloon mortgage would have payments based on a 30 year term length but the entire remaining balance will be due after seven […]

Read the full article →