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Find Out About the Latest Gaithersburg, North Potomac, Darnestown and Other Area Homes for Sale Before Anyone Else! We add our newest homes to this web site first. It can be some time before they appear in the local MLS, and even later on the national listings web sites, if at all. By signing up to receive our latest listings, we'll send you an email notice instantly -- as soon as our latest homes for sale go online. You'll find out first, before other buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Call Mary Charters & Associates at (301) 590-5500 or just fill out this form to get an email as soon as our new properties come on the market in Gaithersburg, North Potomac, Darnestown, and other areas! You can always stop our emails with one click.
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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In what movie did a cute extra-terrestrial take refuge in a California home on a cul-de-sac with a mountain peak towering behind it?
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Steven Spielberg's 1982 classic "E.T." was filmed in a real house on Lonzo Street, Tujunga, northeast of the San Fernando Valley.
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Mary Charters & Associates
Mary Charters & Associates / Keller Williams Team Realty
301 Inspiration Lane
Gaithersburg, MD. 20878
Phone: 301-590-5500
Fax: 301-330-3772
Email: info@marychartersandassociates.com
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