Real Estate

Home Mortgage: The Balloon Loan

A home mortgage with one larger payment at some point is called a balloon loan. This type of mortgage is usually on a second mortgage. With these mortgage loans, most people will sell or refinance before the balloon payment is due. Watch this Expert Real Estate Tips video about these special mortgages and find out if a balloon loan is right for you.

Duration : 0:1:23

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This entry was posted on Tuesday, January 13th, 2009 at 5:56 pm and is filed under mortgage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.