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  #10  
Old 03-19-2010, 08:36 PM
PsychTau PsychTau is offline
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Join Date: Mar 2002
Location: Out of Arkansas, into VIRGINIA!!
Posts: 839
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
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