Balloon Mortgages

A balloon mortgage has an interest rate that is fixed for an initial amount of time. At the end of the term, the remaining principal balance is due. At this time, the borrower has a choice to either refinance or pay off the remaining balance.

There are no penalties to paying off a balloon mortgage loan before it is due. Borrowers may refinance at any time during the life of the loan.

Balloon loans typically have either 5 or 7-year terms. For example, a 7-year balloon mortgage with an interest rate of 7.5% would feature this interest rate for the entire term. After 7 years, the remaining loan balance would become due.

About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS # 350660
Individual NMLS # 350371
Company DRE # 01445163
Individual DRE # 01170811 www.nmlsconsumeraccess.org

Contact Us

12340 Seal Beach Blvd #B-307
Seal Beach , California 90740
Phone: (562) 900-0051
joanne@ccri4loans.com

Disclaimers

Resources

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand California Capital Resources, Inc.'s Privacy Policy.