798 Rays Road #102 Stone
Mountain, GA 30083 Bus. 404.298.9200 Fax. 404.298.9377
Balloon Mortgages
Balloon mortgages are home loans that typically last for
shorter periods of time, most are between 3 and 10 years,
and these types of loans allow the borrower to pay lower
monthly payments and interest rates. Often when the loan
period has ended the home owner is required to pay the
remaining balance in full. When certain criteria are met
lenders may convert the home loan to a fixed or adjustable
rate mortgage.
