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"...Only agent we will ever use..."
"In the last year we have used Ronni as both a buyer's agent and seller's
agent and we are so pleased that she is the only agent we will ever use for
all future home purchases and sales. As a buyer's agent, Ronni was wonderful in ensuring that our
new-construction home was free from material defects and was instrumental in
"keeping the builder honest." Her attention to detail is a real benefit to
any buyer and she is always ready with a thorough presentation of the pros
and cons of all home buying situations. Ronni helps ensure that, as a buyer, you are getting what you are paying
for. Moreover, it
is Ronni's sterling reputation among home builders that recently helped us
secure the opportunity to purchase our dream home!"
Ms. Louisa Moore, Las Vegas, NV.
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Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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| Q |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
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| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
