What Is A Balloon Mortgage?

17Feb 2025 A balloon mortgage is a unique type of non-qualified (non-QM) home loan that offers lower monthly payments upfront but requires a large lump sum—known as a balloon payment—at the end of the loan term. Typically structured for five, seven, or ten years, balloon mortgages are appealing to those looking for short-term affordability. However, […]

Rate Watch – Rates Dip

27Feb 2025 Mortgage rates edged lower recently, with the average 30-year fixed rate now hovering around 6.84 percent—down from around 7.0 percent just a short time ago. This slight drop marks one of the lowest levels seen in recent months, creating an opportune moment for buyers and those looking to refinance. At the same time, […]

Power Up Your Down Payment Plan

04Mar 2025 Saving for a down payment can sometimes feel like a constant uphill climb. Between rising home prices, elevated interest rates, and every day financial demands, it’s easy to see why many would-be buyers feel stuck. Even with careful budgeting, unexpected costs and competing priorities can easily derail the goal of buying a home. […]

Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!