BALLOON MORTGAGE Considering a short-term ownership situation? Have a unique real estate opportunity? You may need a mortgage option with a bit more flexibility, such as a Balloon Mortgage. Balloon interest rates are fixed for the initial time period, then adjust annually based on market rates. The benefits of a Balloon Mortgage include:
Serviced in-house
1-, 3-, 5-, and 7-year mortgages available
Lower interest rate
Lower monthly payments
No Private Mortgage Insurance required with a low 10% down payment and satisfactory credit history
