Community Financial offers three types of traditional mortgages: fixed rate, adjustable rate and balloon mortgages.
Whether you’re looking to get that much-deserved lakefront vacation home or are planning on purchasing some investment property, Community Financial can help.
Speak to a mortgage specialist today about your financing options.
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If you’re looking for steady mortgage payments over a short period of time, usually 5 to 7 years, then you might want to consider a Community Financial balloon mortgage. A balloon mortgage may offer you a lower rate than a traditional 30-year fixed mortgage, but you’ll be responsible for a balloon payment when the term of the loan is over. At that time, the unpaid balance can be either paid in full or refinanced into a new loan.
Why would you want a balloon mortgage? They’re a great option if you’re financing a vacant piece of land or plan on refinancing your loan in a few years.
Take a look at our balloon mortgage rates here, fill out an application online or speak to a mortgage specialist today.
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