Phone: 1 (215) 733 0692 Fax: (215) 238 6554
Balloon mortgages are home loans that typically last for shorter periods of time, most are between 3 and 10 years, and these types of loans allow the borrower to pay lower monthly payments and interest rates. Often when the loan period has ended the home owner is required to pay the remaining balance in full. When certain criteria are met lenders may convert the home loan to a fixed or adjustable rate mortgage.
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Hansen Financial Services, Inc. 1023 Cherry Street, Philadelphia, PA 19107 Phone: 1 (215) 733 0692 Fax: (215) 238 6554. Email: hansen@hansenmtg.com