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Updated almost 10 years ago on . Most recent reply

Joel F.'s profile image
Joel F.'s profile image
Joel F.
  • Attorney
  • from Spring Hill, Florida
  • Member since Jul 15, 2014
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31
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Joel F.'s profile image
Joel F.'s profile image
Joel F.
  • Attorney
  • from Spring Hill, Florida
  • Member since Jul 15, 2014
Connect
Joel F.
  • Attorney
  • Spring Hill, FL
1
Votes |
31
Posts
Buying & Selling Real Estate

Loan with balloon maturity

Joel F.
  • Attorney
  • Spring Hill, FL
Posted

good morning all,

I have a question, I have been approved for a loan to secure another investment property.  I have previously paid cash and have not had to use borrowed money before.  the loan I was approved for is a 15 year loan with a 5 year balloon maturity.  What does that actually mean? 

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