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Updated over 6 years ago on . Most recent reply

Joseph A.'s profile image
Joseph A.'s profile image
Joseph A.
  • from New Rochelle, NY
  • Member since Aug 16, 2018

User Stats

235
Posts
151
Votes
Joseph A.'s profile image
Joseph A.'s profile image
Joseph A.
  • from New Rochelle, NY
  • Member since Aug 16, 2018
Joseph A.
  • New Rochelle, NY
151
Votes |
235
Posts
Private Lending & Conventional Mortgage Advice

30 Year Amortization With 5 Year Balloon

Joseph A.
  • New Rochelle, NY
Posted
This is probably a stupid question but I'll ask any way. If I have to pay back the loan in 5 years what is the meaning of the 30 year Amortization of the loan and why are certain loans structured this way?
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