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Eagle River Mortgage
Let us handle your Idaho mortgage loans quick and easy. Getting into your first home is easy with us.
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.
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What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?
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The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture. |
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Zuber Group
The Zuber Group
408 S. Eagle Road ste. 103
Eagle, ID 83616
Phone: 208-685-2999
Fax: 208-685-2777
Email: craigzuber@NUMBER1EXPERT.com
Mission Statement:
Through teamwork we are committed to exceeding our client's expectation by operating with integrity, constantly improving, continually educating ourselves, giving back to our communities, sharing with others, and always having an "it's my pleasure" attitude.
Our purpose and goal is to set the highest standards of professional excellence in the neighborhoods we serve, and to provide the highest quality of services available. We dedicate ourselves to excellence by striving to exceed our client's expectations so they remain loyal for life. Through our commitments, we strive to make important contributions to our neighborhoods and to maintain the leadership position in our marketplace.    
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