|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 641-357-3330
|
Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
"Expect The Best!"
Leave the biggest Investment of your life in the hands of a Professional!
Read Quote >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
Julie McQuaid is one of The Top
Selling Real Estate Experts™
Find Out More > |
|
|
 |
 |
Special Offers: Special offers for Clear Lake, Mason City and North Iowa homeowners
from Julie McQuaid, top Realtor |
|
Affiliates: Julie McQuaid's real estate web site
affiliates |
|
eNewsletter: Julie McQuaid's Clear Lake, Mason City and North Iowa newsletter email will
send you the latest real estate information |
|
Today's Real Estate News: Daily real estate news for this neighborhood, Iowa, and
United States |
|
Market Conditions Report: Market conditions report for this area, Iowa, and
United States |
|
Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
|
How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
|
Determine Tax Savings: Calculate how much your
monthly Clear Lake, Mason City and North Iowa Iowa mortgage payments save you on your
taxes because of loan interest |
|
Should You Rent or Buy?: Is it better to rent a
home in Iowa or buy your own Clear Lake, Mason City and North Iowa house, ranch,
luxury property, condominium, acreage, or other real estate? |
|
Adjustable Rate Mortgages: Adjustable rate Clear Lake, Mason City and North Iowa mortgages information and interest rate java calculator |
|
What Is Your APR?: Determine the Annual Percentage Rate (APR) for your mortgage. |
|
Fixed or Adjustable Rate Mortgage?: Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. |
|
Are Balloon Mortgages For You?: Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers. |
|
15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms. |
|
How Much Should Your Income Be?: What income is required to qualify for a mortgage? Use this calculator to find out. |
|
What's Your Maximum Mortgage?:This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount. |
|
Will Buying Points Save You Money?:This calculator helps you determine if you should pay for points, or use the money to increase your down payment. |
|
TripleCalc: FREE Software
Download: TripleCalc lets you compare three loans at one time for your property
or other Iowa real estate |
|
Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
|
Ask Anything: Ask Julie McQuaid
anything real estate |
|
NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale |
|
Real Estate Tips: Julie McQuaid's realty
library of real estate tips and advice on everything from preparing your home
for sale to negotiating with home buyers to escrow, closing costs, property
inspections, and mortgage brokers |
|
Real Estate Trivia: Julie McQuaid's collection of real estate trivia questions
and answers that include real estate topics such as the most expensive home,
largest swimming pool, and more |
|
Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
Clear Lake, Mason City and North Iowa property in Iowa, including legal terms
definitions, and more |
Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
|
|
| Q |
Where is the world's tallest apartment block?
|
| A |
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
