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1st Foreclosure Prevention Blog


Archive for the ‘Balloon Payment Mortgage’ Category

July 3rd, 2009

Balloon Payment Mortgage

Wikipedia defines a Balloon Payment Mortgage as a mortgage, which does not fully amortize over the term of the note, thus leaving a balance due at maturity.
It is called a balloon payment because it is a large lump sum payment. Balloon payments may occur at specific intervals through out the life of the loan [...]

posted by admin at 11:14 pm
8 Comments | Categories: Balloon Payment Mortgage, Dealing with lenders, Loan modification specialist, Mortgage help, foreclosure | Tags: , , , , , , , , ,
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