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Updated over 4 years ago on . Most recent reply

Ramon Martinez's profile image
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Ramon Martinez
  • Rental Property Investor
  • from Maryland
  • Member since Sep 27, 2020
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Ramon Martinez's profile image
Ramon Martinez's profile image
Ramon Martinez
  • Rental Property Investor
  • from Maryland
  • Member since Sep 27, 2020
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Ramon Martinez
  • Rental Property Investor
  • Maryland
2
Votes |
6
Posts
General Real Estate Investing

Ballon mortgage what is?

Ramon Martinez
  • Rental Property Investor
  • Maryland
Posted

Can some explain what is a balloon mortgage and how is use?

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It means you have to pay off that loan on the specified date....either use cash, refinance or sell. 

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