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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Patrick Hurley and Angela Hoffman, a proven Tallahassee, Monticello and Jacksonville, Florida NUMBER1EXPERT™ Top Selling real estate agent.

  • Find Tallahassee, Monticello and Jacksonville Homes - Find Tallahassee, Monticello and Jacksonville, Florida real estate listings & homes for sale provided by Patrick Hurley and Angela Hoffman, your local expert real estate agent.

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  • About Patrick Hurley and Angela Hoffman - Information about Patrick Hurley and Angela Hoffman including testimonials, guarantees, credentials, and contact information. Learn why Patrick Hurley and Angela Hoffman is a proven Tallahassee, Monticello and Jacksonville, Florida NUMBER1EXPERT™ Top Selling real estate agent.

 

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Real Estate Tips
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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Real Estate Trivia
Q 
What 6,500 seat American theater was the location for the scene where the original 1933 King Kong breaks his chains onstage?

A 
The famous Shrine Auditorium in Los Angeles, built by the Shriners in 1906 to resemble an exotic Arabian mosque.
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Patrick Hurley and Angela Hoffman, REALTOR®, real estate agent and broker for Tallahassee, Monticello and Jacksonville, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Patrick Hurley and Angela Hoffman
H 2 Real Estate Group

Keller Williams Town & Country Realty
1520 Killearn Center Blvd.
Tallahassee, FL 32309
850-201-8880
Fax: 850-201-4664
h2realestategroup@NUMBER1EXPERT.com

H2 Real Estate Group was formed to continually offer clients the most extensive menu of real estate services available while maintaining the level of care that they deserve and have come to expect. We strive to not only provide valuable real estate services, but also to create a positive experience by educating our clients about the changing real estate market here in Tallahassee and helping them to achieve their individual goals.

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