Balloon Mortgages Explained

Balloon Mortgages Explained

Published on: 08/08/2024

A balloon mortgage is a loan that is provided for a short period of time for a set amount of money. Balloon mortgages will often involve periodic payments that are made at a fixed interest rate. During this period, the loan may not be amortized. The balance of the loan has to be paid in full at a specific time.

All product names, logos, and brands are property of their respective owners.

NEXA Mortgage, LLC NMLS# 1660690

Corp: 5559 S Sossaman Rd Bldg 1 Ste 101, Mesa, AZ 85212
NEXA Mortgage, LLC is an Equal Housing Lender

Oakley Pike, LLC services : Michigan, Ohio, South Carolina

Disclaimer: All loans subject to qualifying factors. Not all applicants will qualify.

© Copyright - Oakley Pike, LLC Mortgage Loan officer | Powered By Oakley Pike

Join NEXA Mortgage