.* Balloon payment is allowed * There is a service charge known as the loan origination cost which is needed for the loan processing and it depends on the loan amount.* There are no prepayment penalties.See attachment for our company's brochure and entity certificate for verification. 

Any other advice regarding this types of 10 year fixed balloon loans?

Purchase price: $18,900 Cash invested: $2,500 I found this property by sending out letters to neighbors of another property I owned.

We were recently informed that the tenants decided to stay past May1st due to Covid-19 and requested a letter.

Just send them a letter that you are not happy with the condition, they are in violation of the lease and damaging the rental by smoking inside, and you want them gone so you can renovate the unit.

They do 2 minutes of tenants fighting back against mistaken property manager form letters- saying there is a moratorium in affect, and then they say "well millions of tenants don't know there is a moratorium...

So we can possibly consider a 7 year balloon.

I perform this analysis for my clients all the time.From a high level, the yield maintenance calculation is ((Present Value of Remaining Payments + Present Value of Balloon Payment) - Principal Payoff Balance).

The question would be, can you write a letter to the county courthouse to get a list that is public information? 

Term will usually be amortized between 20-30 years with a balloon payment due on year 5,7, or 10.