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Key Colony Beach Real Estate Florida Keys and neighbooring islands of Duck Key, Marathon, Coco Plum beaches, Islamorada MLS Listings or 305-395-0814
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
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What four states in the Southwest are noted for having boundaries that touch.
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| A |
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries. |
See More Real Estate Trivia > |
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'Lela' Ashkarian P.A. CRS, GRI, e-PRO, SFR Coldwell Banker Schmitt Real Estate 11050 Overseas Highway Marathon, FL. 33050 Direct: 305-395-0814 Mobile: 305-395-0814 Private Land Line: 305-289-6492 eFax: 305-946-7771 Office Line: 305-743-5181 Email: lela@coldwellbanker.com Email: lelasells@bellsouth.net email: 395.0814@305.ac email: aslanlelalu@gmail.com
Florida Keys Real Estate Top Selling and Listing Agent, Member of Primier Upscale Preview Coldwell Banker President Club, specializes in Luxury homes, condos, townhouses in Marathon and Middle Keys, Key Colony Beach Real Estate, Coco Plum beaches, Grassy Key, Duck Key Shark Key and Upper Keys Islamorada. 305-395-0814 or 305-289-6492
Living in Florida Keys since 1983. I will and can help you find that perfect home in the Marathon, Duck Key, Key Colony Beach, Coco Plum and Islamorada Upper Florida Keys.
Call Lela Ashkarian, Coldwell Banker Schmitt Real Estate, 305-395-0814 Real Estate Florida Keys Top CRS, GRI, e-PRO Realtor. 
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