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Fixed Mortgage With Balloon
Interest rate and payments remain the same until the loan is due, usually
5 or 7 years at which time the entire unpaid balance becomes due and payable.
This is usually the lowest of the interest rates offered due to the short
commitment from the lender. Also you need to pay attention to the APR for
this type loan as even a small costs amortized over a short period will
make the effective rate relatively high.
if you are in the Charlotte area and want information on a Fixed Mortgage With Balloon, contact STSFC today.
Fixed Mortgage With Balloon help for Charlotte, Huntersville, Concord, Matthews Rock Hill and all of the Western Carolinas.
Lee Sharpe of STS Financial is a Huntersville Mortgage Broker providing Charlotte home loans with 100% financing options for and mortgages for all of North Carolina.

