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Updated about 8 years ago on . Most recent reply

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5
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Jane G.
  • New York City, NY
0
Votes |
5
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Commercial Loan with 120 year term?

Jane G.
  • New York City, NY
Posted

What are the effects of a 120 year term on a fixed rate mortgage with 30 year amortization and a balloon payment due at maturity? Would it be better to have a shorter term for any reason?

Most Popular Reply

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1,730
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1,512
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Jason Hirko
  • Lender
  • San Antonio, TX
1,512
Votes |
1,730
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Jane G. Did you find this lender on Craigslist and have they asked for your bank account information yet?

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