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bALLOON MORTGAGE

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sharonlittle03 Joined: 14 Oct 2009 Posts: 1 1.25 Dollars($)	Posted: Wed Oct 14, 2009 1:12 pm    Post subject: bALLOON MORTGAGE Like 0 Dislike 0 DOES A BALLOON MORTGAGE HAVE A GRACE PERIOD AFTER THE MATURITY DATE
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1256 Location: River Edge, New Jersey 264.15 Dollars($)	Posted: Wed Oct 14, 2009 1:16 pm    Post subject: Balloon Mortgage Like 0 Dislike 0 Probably not. Ask the lender or read your mortgage NOTE for the terms. While there probably is no grace period, I am guessing that if you do not sell or refinance by the balloon date, the lender would have some vested interest in working something out as it would cost them a lot of money to foreclose. Is the balloon mortgage a first mortgage or second mortgage? Commercial loan or residential loan? _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278
kas_mah80 Joined: 06 Sep 2009 Posts: 31 -0.11 Dollars($)	Posted: Sun Oct 18, 2009 3:33 am    Post subject: Like 0 Dislike 0 you want to contact with lenders for this topic

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