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.
Toll Free: (877) 360-9360 Office: (816) 792-2360 Fax: (816) 792-2560
5 East Kansas Street, Suite 204 Liberty MO 64068 Email: erich@360-mortgage.com 360 Mortgage Inc.
