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Updated over 4 years ago on . Most recent reply

Donovan Maskell's profile image
Donovan Maskell's profile image
Donovan Maskell
  • New to Real Estate
  • from Haskell, OK
  • Member since Sep 24, 2018
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10
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1
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Donovan Maskell's profile image
Donovan Maskell's profile image
Donovan Maskell
  • New to Real Estate
  • from Haskell, OK
  • Member since Sep 24, 2018
Connect
Donovan Maskell
  • New to Real Estate
  • Haskell, OK
1
Votes |
10
Posts
Creative Real Estate Financing

Balloon note payment

Donovan Maskell
  • New to Real Estate
  • Haskell, OK
Posted

Could someone please explain the concept of a balloon note??

Bank offered me a deal on a 25yr mortgage amortization takes place over the 25 years. But has a 5 year term. How does this work and is it a viable option to finance a home loan??

Please advice

Donovan Maskell.

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