"Thanks So Much"
Dear Stan,
Thank you for doing such a great job selling our home. We had a bad start with 2 other agents unable to find us a buyer in over 8 months. Your professionalism and dedication has really made a difference in this sale. What mattered most to me is how reliable you have been through the entire process always keeping appointments and being on time. Your friendly personality and knowledge of the real estate industry has made the sale of my home a very pleasant and smooth process. I will always recommend you to our friends and neighbors and will keep you in mind when it's time to sell again!
Irina Singer
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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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| Q |
What amenity do 48% of all homes in the new housing market have?
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| A |
48% of all newly-constructed homes now have 2 1/2 baths or more, up from 1985 when only 29% had more than 2 baths.
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