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Old 09-07-2006, 03:33 AM
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Join Date: Sep 2006
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Default Balloon Loans
We are currently in the process of buying a home. Can someone tell me if a balloon loan would be a good choice? Is it the one that offers the lowest payment besides a Interest Only Loan, which I know to run clear from. What are the interest rates like on a balloon loan?
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Old 09-19-2006, 04:00 PM
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Join Date: Jun 2006
Posts: 811
Default Re: Balloon Loans
Not sure what a balloon loan is - would this be anything like a Capital Repayment in the UK - ie, where you pay off part of the loan and interest every month?
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