• ¡Welcome to Lending Network!
  • America's Fastest Growing Loan Scenario Online Forum
Hello There, Guest! Login RegisterLogin with Google+

Welcome to Lending Network! America's Number One Loan Scenario Help Center For The Public Join Our Lending Network Online Community Forum And Ask Your Loan Case Scenarios To Our Moderators & Real Estate Professionals.
It takes seconds to become a member. Lending Network was created and launched as a mortgage, real estate, and credit information center for the general public to utilize it as a loan scenario help desk online community forum.

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
balloon mortgage
Does it exist?

Balloon loans does not exist with residential mortgages. Balloon loans exist with hard money loans and commercial loans. With balloon loans, the loan is due at the end of the term such as 3 year balloon, 5 year balloon. Even if you have been payment your mortgage loans on time for the period of the loan but when the term is over, the whole principal is due or the lender can foreclose on you even if you have been timely with your loan.


Forum Jump:

Browsing: 1 Guest(s)