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#10

03-20-2010, 10:53 AM

33girl

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Join Date: Sep 2000

Location: Hotel Oceanview

Posts: 34,574

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.

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