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Real Estate Tips
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.

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Real Estate Trivia
Q 
What time of year is considered the busiest for homebuyers and sellers?

A 
Real estate is a year-round business, but spring is still considered the best time of year to showcase a home.
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Nicky Dou, REALTOR®, real estate agent and broker for Fayetteville, Springdale and Bentonville,  home listings, property and land for sale - NUMBER1EXPERT™

Nicky Dou - Serving Northwest Arkansas and You!
Coldwell Banker Harris McHaney & Faucette

809 S. 52nd Street
Rogers, AR 72758
Cell: 479.236.3457
Fax: 866-888-0955
Nicky@NickyDou.com

Nicky Dou is America's NUMBER1EXPERT in Northwest Arkansas. Nicky services Bentonville, Fayetteville, Rogers, Lowell, Springdale, Bella Vista, Beaver Lake, and surrounding areas in Northwest Arkansas. She continues to be at the top of sales in Arkansas and is a native to the area. Nicky is anything but ordinary when it comes to marketing a property. She is an out-of-the-box thinker and utilizes technology and creativity in everything she does. Nicky is in the top 1% of all Realtors in Northwest Arkansas and works for the largest company in the Region, Coldwell Banker Harris McHaney & Faucette. Nicky offers the highest level of service and dedication - Let Nicky make YOU her Number 1 Client in Arkansas! Nicky Dou, Sr. Vice President, Executive Broker Coldwell Banker Harris McHaney & Faucette ePRO, ecoBroker, AHS (Home Staging Specialist)

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