Melinda Estridge is one of The Web's
Top Selling Real Estate Experts™
Find Out More >
|
|
|
 |
About the Washington, D.C.
Metro Area |
|
Free real estate
information & relocation package if you're relocating to Washington, DC, Chevy Chase and Bethesda,
MD |
|
Local Washington, DC, Chevy Chase and Bethesda
real estate market conditions, property valuation trends & forecasts,
Washington, DC, Chevy Chase and Bethesda housing costs, and more |
|
Free School Reports!
Washington, DC, Chevy Chase and Bethesda schools and the education system in Maryland: kindergarten,
elementary, high schools, colleges & universities |
|
Washington, DC, Chevy Chase and Bethesda economy & local
business climate, Maryland economic conditions, biggest Maryland employers
& industries, natural resources |
|
Neighborhoods,
sub-divisions, gated communities, and unincorporated towns in Washington, DC, Chevy Chase and Bethesda,
Maryland |
|
Things to do in Washington, DC, Chevy Chase and Bethesda:
entertainment, dining, the arts, cultural events, major league sports &
sporting events, shopping malls, tourist attractions, historic places, natural
landmarks, and more |
|
Washington, DC, Chevy Chase and Bethesda maps &
local/Maryland web site links for news & media, TV stations, radio
stations, daily Washington, DC, Chevy Chase and Bethesda newspapers, transportation, airports & bus
terminals, Maryland & local government, and more |
|
Weather in Washington, DC, Chevy Chase and Bethesda,
Maryland: spring, summer, winter, and fall climate changes |
|
Washington, DC, Chevy Chase and Bethesda photo
gallery: tour Maryland in pictures |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
|
 |
| Q |
What is the world's largest palace?
|
| A |
The Imperial Palace (Gugong) in the center of Beijing, China covers over 178 acres and dates back to the early 1400s. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
