|
All agents are NOT alike! Communication is our focus...Come experience the Gallmann Advantage! 440.248.2548.
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
The Gallmann Group is one of The
Top Selling Real Estate Experts™
Find Out More > |
|
|
|
About The Gallmann Group:
About The Gallmann Group - Information about The Gallmann Group of Solon, Twinsburg and Cleveland, Ohio? Testimonials - Read what The Gallmann Group's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Ohio home buying & property selling information is guaranteed by The Gallmann Group. Privacy Guarantee - This Solon, Twinsburg and Cleveland real estate web site will respect your privacy, guaranteed by The Gallmann Group. No Obligation Guarantee - The Gallmann Group's real estate help by email is free & without obligation for Solon, Twinsburg and Cleveland home owners in Ohio. For Real Estate Agents - Let The Gallmann Group help you with your professional real estate broker and agent needs in the Solon, Twinsburg and Cleveland area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact The Gallmann Group. Go to Main Sitemap - Main sitemap sections include Find Solon, Twinsburg and Cleveland Homes, For Home Buyers, For Home Sellers, Solon, Twinsburg and Cleveland Information, Real Estate Resources, and About The Gallmann Group. 
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 unique type of home is making news as an affordable, environmentally-friendly housing alternative?
|
| A |
Straw bale homes may well become the non-toxic, affordable home of choice in the future. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
