Balloon

A balloon mortgage has a fixed rate for either five or seven years, followed by a single "balloon" payment of the entire remaining balance.

Borrowers who would be best suited for this program are:

Those who plan to sell or refinance their mortgage within five or seven years.
Those who expect to come into a large amount of money by the time the balloon payment is due.

Balloon mortgages offer:

To learn more about Balloon Mortgages, click here to find one of our knowledgeable loan officers near you.

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