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I have a property worth $125,000 I am wanting to ...

i have a property worth $125,000 I am wanting to get a loan to catch up some bills. I would like to borrow $40,000 amortized over 30 years with a balloon payment at the end of 5 years. is there a lender out there that can help? my email address is im3rivers@aol.com


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I am in receipt of your Ad in need of loan. I can help you with the loan. Contact us via e-mail: petersonfinance@sify.com
Posted 2009-06-03T16:47:12Z
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Ron
55 answers
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A lot of lenders have quit doing baloons but you can probably find one at a local bank as many of them like the shorter terms. If it were me, I would get a standard 30 year loan with no balloon. You can still pay it off after 5 years but you are not required to do so. I believe it's the best of all worlds. Not locking yourself in may really come in handy. You never know what might happen in 5 years. What if house prices keep going down? What if you lost all or some of your income. Keep your situation flexible. You'll be glad you did. Good luck.

The Note Buyer
Posted 2009-06-10T13:49:22Z
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