15 year amortization with 5 year balloon


  1. Insurance, Inc., but are underwritten by unaffiliated insurance companies. The Investment Management Group is the investment advisory division of Arvest Investments, Inc., doing business as Arvest Wealth Management, member FINRA/SIPC, an SEC registered investment adviser.

    Case in point, the loan I referenced above (20 year amortization/6 year term) means that payments are based on the 20 year amortization schedule, however the loan is "up" a 6 years, meaning either a balloon payment is due or I have to refinance before that. 3 – Rate.

    Best Answer: 20 Year amortization means that your payments are figured as if you would be paying off the loan with interest over 20 years. 5 .” 5. pre-what? Get pre-approved. Don’t confuse “pre-qualified”.

    A $500,000 NECB existing loan for a 5 year arm, 15 year balloon, 25 year amortization schedule on a 7 unit mixed-use, 5 story walk-up in New York, NY. North East Community Bank (NECB) 142–renewability, costs and modifications–into account in making amortization decisions.

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