Robby Oakes Mortgage

Chapel Hill Mortgage Lender | Robby's Blog about Mortgages in Raleigh, Durham, Chapel Hill, and Crystal Coast area of NC

Balloon Mortgages Explained

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Balloon mortgages are a unique type of home loan that can be attractive to some borrowers, but they also carry specific risks. Unlike traditional mortgages with consistent payments over the life of the loan, balloon mortgages involve smaller monthly payments for a set period, followed by a large lump sum payment at the end.

Understanding how balloon mortgages work, who they are suited for, and potential pitfalls can help you make an informed decision before committing.

The Benefits of Online Mortgage Calculators for Borrowers

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Buying a home is one of the most significant financial decisions a person can make, and understanding the costs involved is essential. Online mortgage calculators have become a valuable tool for borrowers, helping them estimate monthly payments, compare loan options, and determine affordability, all from the convenience of their computer or phone.

3 Tips for Planning Your Monthly Mortgage Payment

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Once you’ve purchased a home and decided on a move in date, it may seem like a lot of the hard stuff is over, but you still have one of the most important things relating to such a large purchase to think about: the payments! If you’re looking for a few tips on ways to approach your monthly payment, the following will steer you in the right direction so you can broach your mortgage schedule successfully.

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