Updated almost 9 years ago on . Most recent reply
Balloon Loans
Can someone share with me their experiences pertaining to balloon loans/terms? This is a new term to me and while I did some research on the subject, I would like some feedback on the pros and cons based off of personal experiences.
Thanks, Randall
Most Popular Reply
Thanks Scott for the response. Based on your knowledge of the product, am I locked into that five year term or is it possible to refinance sooner? My overall plan for the property is to hold and rent. My intention would be to refinance within 2 to 3 years and purchase another rental property. Is that possible with this particular product?