What to Do When a Balloon Mortgage Payment is Due – Real Deal #158
June 7, 2010 by Tracy Z · Leave a Comment
Owner financed notes often include a balloon payment requiring the buyer to refinance in order to payoff the remaining amount due the seller.
But what options are there for notes when a balloon is due but the buyer can’t refinance? Should the seller consider extending? Read more
Owner Financing – Why Balloon Payments are Good for Mortgage Notes
April 23, 2009 by Tracy Z · 2 Comments
A balloon payment is a common addition to an owner-financed note, mortgage, trust deed or land contract. Savvy sellers, real estate professionals, and note brokers know this is by design rather than accident. Here’s why balloon payments can be good for mortgage notes: Read more
Owner Financing – Avoid 5 Balloon Mortgage Pitfalls
April 23, 2009 by Tracy Z · 2 Comments
Using a balloon payment with owner financing can be a valuable addition to a mortgage note or land contract.
Unfortunately many sellers and buyers unknowingly combine a balloon payment with high risk factors turning a positive into a negative. Be sure to avoid these common pitfalls when considering seller financing with balloon mortgages. Read more
