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Financing Your Home >Balloon Mortgages In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms. Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power. See All Tips In The "Financing Your Home" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What is considered one of the greatest U.S. construction projects that was also of great strategic importance to the U.S.? A  The Panama Canal, begun in 1904 and completed in August, 1914, which cost $366,650,000. See More Real Estate Trivia >

Johna Walker Walker Real Estate Team 854 Missouri Ave St. Robert, MO 65584 Mailing Address: PO Box 264, Waynesville, MO 65583 573-433-1091 Rentals/ Office: 573-336-4100 Fax: 866-634-9994 Office: teamwalker@thearmywives.com An active duty military spouse with over twenty-three years of relocation experience to assist families relocating to the Ft. Leonard Wood area. Always training and always educating to stay at the top of the real estate industry to provide her clients with state of the art service to buy and sell their homes. Whether you're moving from Alaska, South Korea, or Kansas, she has truly "Walked in your shoes" www.WalkerRealestateTeam.com is brought to you by Walker Real Estate Team NUMBER1EXPERT™ in real estate for Fort Leonard Wood, St. Robert and Waynesville, Missouri Read Walker Real Estate Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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