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re: Land Loan question
Posted on 2/14/14 at 8:36 am to Churchill
Posted on 2/14/14 at 8:36 am to Churchill
Ok, dumb question i know but how does a balloon loan work?
I understood it is as long as you pay it off by the certain deadline, its a reg monthly payment, but if you go past it, they charge the new intrest to the intial loan amount.
was also told that the payments go up the closer you get to paying it off???
I understood it is as long as you pay it off by the certain deadline, its a reg monthly payment, but if you go past it, they charge the new intrest to the intial loan amount.
was also told that the payments go up the closer you get to paying it off???
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