Jacksonville, Orange Park and Clay County real estate and homes for sale in Florida - The Greg Mosley Team, REALTORS® The Greg Mosley Team REALTORS(r) for Jacksonville, Orange Park and Clay County, Florida real estate - NUMBER1EXPERTS™ The Greg Mosley Team NUMBER1EXPERTS(tm) for Jacksonville, Orange Park and Clay County, Florida real estate

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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Greg, a proven Jacksonville, Orange Park and Clay County, Florida NUMBER1EXPERT™ Top Selling real estate agent.

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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.

See All Tips In The "Financing Your Home" Category >
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Real Estate Trivia
Q 
What was the location for the classic silent movie scene where Harold LLoyd dangles from a huge clock high above the city?

A 
That scene from "Safety Last"was filmed at the Brockman Building, one block south of the Biltmore Hotel in Los Angeles.
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The Greg Mosley Team, REALTOR®, real estate agents and broker for Jacksonville, Orange Park and Clay County Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Greg Mosley P.A.
RE/MAX Specialists

1008 Park Avenue
Orange Park, FL 32073
Dir:: 904-278-2360
Toll:: 800-367-3629
Off:: 904-269-8100
24-7:: 904-248-2900
Fax:: 904-269-8108
Email:: Greg@GregMosley.com

The GREG MOSLEY TEAM is confident we offer the very best in real estate customer service.In 2008,2009,2010,2011,we were advertised in the Jacksonville Magazine for customer service in Northeast Florida. We're everywhere in Northeast Florida...OakLeaf Plantation, Eagle Harbor, Julington Creek Plantation, St. Johns County, NAS Jax, Mandarin, Fleming Island, Ponte Vedra, Nocatee, and the Beaches! Whether it be re-sale, corporate relocation, new construction, military relocation, golf course communities, waterfront, gated communities, condominiums, townhouses, or historical areas.

CDPE CRS ePro Equal Housing GRI MLS REALTOR SFR SRES


RE/MAX Specialists real estate and homes for sale in Jacksonville, Orange Park and Clay County Florida

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