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Is A Balloon Mortgage Really What You Want?

By Team iBizExpert On April 12, 2022 05:28 AM No Comments

Even though everyone is busy and in a hurry these days, you can still get a mortgage that way. But the speed and rush of getting a mortgage for that home you really wanted may have kept you from finding out what you were really getting into. More...

How To Apply For A Balloon Mortgage

By Team iBizExpert On April 04, 2022 07:14 PM No Comments

Balloon mortgages are short-term loans that are like fixed-rate mortgages in how they work. Most of the time, the first mortgage is only good for five to seven years. On the other hand, a fixed-rate mortgage usually lasts for about 30...

How Does A Balloon Mortgage Work?

By Team iBizExpert On April 03, 2022 08:17 AM No Comments

It's exciting to finally be able to buy your house because you got the mortgage you wanted. There are a lot of ways to get a mortgage, but a balloon mortgage may be what you need to move in. Here are some things you need to know about balloon...

Balloon Loans - How One Could Help You

By Team iBizExpert On March 17, 2022 11:57 PM No Comments

Today, you can get a loan for almost anything, whether you need money for a short time or a long time. A balloon loan also has a specific goal, and it might be what you're looking for if you want something with a shorter term than a longer one....

9 Things You Should Do Before Applying For A Balloon Mortgage

By Team iBizExpert On March 13, 2022 01:23 AM No Comments

A short-term mortgage, called a "balloon mortgage," is usually only for five to seven years. It works like a fixed-rate mortgage in that you make payments every month, but at the end of the loan term, the last payment is much bigger than the...

What is FHA loan?

By Team iBizExpert On March 06, 2022 09:07 PM No Comments

Home mortgages are an important part of loans, but we'll focus on this one. One of them is called FHA. The National Housing Act of 1934 created the Federal Housing Administration (FHA), which is a government-owned company. Its goal is to improve...

Loan Comparison: Interest Only Home Equity Loans Versus Balloon 2nd Mortgage

By Team iBizExpert On February 12, 2022 11:20 PM No Comments

What is a loan that only pays the interest? This is a loan where only the interest is paid back each month. The principal is not paid back. The loaned money may be paid back in 10, 15, or 20 years. By making payments on the principal, a borrower...

Carolina Online Home Loans

By Team iBizExpert On February 09, 2022 11:07 PM No Comments

People who live in the Carolinas have a lot to look forward to. This lively area has warm summers and mild winters, beautiful beaches, peaceful mountains, a busy nightlife, many different kinds of communities, and great food. In the past few...