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Updated about 14 years ago on . Most recent reply

Bryan P.'s profile image
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Bryan P.
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Creative Real Estate Financing

What is a balloon? Note?

Bryan P.
Posted

What is a "balloon" payment (financing) that alot of you talk about?

Also-what is a note? I read a post about a seller wanting to sell using owner financing and then selling the note to another investor. I have no idea what this means.

Help out a newbie...Thanks!

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Steve Babiak
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  • from Audubon, Pennsylvania
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Steve Babiak
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Steve Babiak
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You could refinance to re-pay the first lender; you might have to be alert for any pre-payment penalties.

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