Pembroke, Petawawa and Renfrew real estate and homes for sale in Ontario - The Drew Scott Team, REALTORS® The Drew Scott Team REALTORS(r) for Pembroke, Petawawa and Renfrew, Ontario real estate - NUMBER1EXPERTS™ The Drew Scott Team NUMBER1EXPERTS(tm) for Pembroke, Petawawa and Renfrew, Ontario real estate
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The Drew Scott Team, REALTORŪ, real estate agents and broker for Pembroke, Petawawa and Renfrew Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)






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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 was considered the world's tallest building one hundred years ago?

A 
The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.
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The Drew Scott Team, REALTORŪ, real estate agents and broker for Pembroke, Petawawa and Renfrew Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

Scott Team Real Estate
RE/MAX Pembroke Realty Ltd.

182 Pembroke Street East
Pembroke, ON Canada K8A 3J7
Phone #: 613-732-3601
613-735-8188
866-735-8188
Fax #: 613-732-0999
Email: Drew@DrewScottHomes.com

The Drew Scott Team has experience in all aspects of Real Estate. Our unique approach guarantees your needs are handled professionally and timely. The Drew Scott Team specializes in serving Petawawa, Pembroke and Renfrew County. Always putting you first!

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