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Updated over 4 years ago,

Talley Haines's profile image
Talley Haines's profile image
Talley Haines
  • Member since Oct 8, 2019
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30
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Talley Haines's profile image
Talley Haines's profile image
Talley Haines
  • Member since Oct 8, 2019
Connect
Talley Haines
2
Votes |
30
Posts
Real Estate Deal Analysis & Advice

Two year Balloon question

Talley Haines
Posted

Can someone explain what the 2 year ballon payment with this Lease option deal means.  Here is the deal.  
The house is listed at 109,000 and the lease option has a 8500 down payment. For two years I make a 1050 month payment. At anytime during the 2 years I can refinance out with a bank loan. Any help would be appreciated.

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