Quote:
Originally Posted by PsychTau
A $450,000 balloon payment? Holy eff.
I know some mortgages can be written with a balloon payment to make the initial monthly payments lower (I guess? Something went wrong here) but I would think you would enter into that with the full knowledge that you would immediately start figuring out a way to refinance or something to avoid that balloon payment.
Or something. GEEZ!
PsychTau
|
Oh please. I'd be very shocked if she's even made ONE payment or thought about any of this at all.