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Here's a short list of some of the more useful real estate and real estate related sites on the web. When you click on any of the links below, you'll see the site you chose, along with a form at the bottom of your screen. Use it to get answers for any questions you might have about anything you find.
Remember: It's my job to know more about real estate than any web site!
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Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
Cathy Coneway Stanberry & Associates Commercial/Residential Realtor 1101 Capital of Texas Hwy South, Bldg F Austin, TX 78746 Phone # : 512-422-5677 Fax #: 512-329-6040 Office Fax#: 512-327-3644 E-mail: Cathy@CathyConeway.com
Cathy has over 20 years experience in the Austin real estate market and is a Realtor with Stanberry & Associates.
She is currently serving or has served on the board of Texas Association of Realtors, South Austin Hospital, Downtown Austin Alliance, Life Savings Bank, Austin Board of Realtors, Homebuilders Association, Women's Council of Realtors, Habitat for Humanity and has been on the board of the Greater Austin Chamber of Commerce twice in her career. She is a Past President of Emergency Services District #9, Central Texas Commercial Association of Realtors, Oak Hill Business and Professional Association and was the 1999/2000 Chairwoman of the American Heart Association.
Cathy loves the outdoors and spends leisure time boating, playing golf, snow skiing, water skiing, herb gardening, playing bridge and traveling with her husband, Rick Coneway a Civil/Environmental Engineer.
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Cathy Coneway NUMBER1EXPERT™ in real estate for
Barton Creek, Westlake Hills and Austin, Texas, luxury homes, Austin commercial properties
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