Tax Advantages Of A Small Down Payment A big mortgage plus small down payment equals tax advantages? If you are like most investors you will finance most, if not all of the purchase price for your home. Once you move in, the home ownership honeymoon is over, you will probably get the urge to speed up your payments and get out debt as soon as possible. But, should you deplete … [Read more...]
What are Balloon Mortgages ?
Beware of Balloon Mortgages This is a mortgage where the one payment, usually the last one is bigger than any other payments. Balloon Mortgages are usually set up like a regular 30 year mortgage except that at some date in the future, a large balloon payment will be due. The balloon payment is typically the entire balance of the mortgage. The due date of the balloon payment … [Read more...]