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Balloon payment you have a balloon mortgage payment and you lost your job how can you get help?
Wiki User
∙ 14y ago
I have a balloon mortgage payment and i lost my job how can i get help
Wiki User
∙ 14y ago
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Can you explain what a balloon payment calculator is?
A Balloon Payment is a large payment due at the end of a mortgage or loan period. Therefore, a Balloon Payment Calculator will help you to predict what you will owe on your Balloon Payment.
Where can people who are behind on their mortgage payments find help?
People who are behind on their mortgage payment can find help on the internet just go to Google Homepage and type on the search bar "mortgage payment help". There you will see a different results which will help you about your problem.
Will you need a higher down payment to get a mortgage with bad credit?
Yes, a higher down payment is typically needed to get a mortgage with bad credit. A down payment of 25% or more will help to get a lower interest rate.
How can mortgage payment protection insurance help you?
Mortgage payment protection insurance can help a person if they become unable to make the mortgage payments due to an accident, unemployment, or sickness. There are restrictions in place, so one must check carefully before signing on the dotted line.
How can a mortgage loan calculator be useful?
Like other types of payment calculators, a mortgage calculator is helpful to determine the exact cost and the monthly payment of a mortgage. It is helpful because good calculators can help determine costs based on the life of the mortgage as well (i.e. 20 versus 30 years).
Can you explain what a balloon payment calculator is?
A Balloon Payment is a large payment due at the end of a mortgage or loan period. Therefore, a Balloon Payment Calculator will help you to predict what you will owe on your Balloon Payment.
Balloon Mortgages?
Balloon MortgagesA balloon mortgage can be an excellent option for many home buyers. A balloon mortgage is usually rather short, with a term of five to seven years, but the payment is based on a term of 30 years. They often have a lower interest rate, and can be easier to qualify for than a traditional 30 year fixed mortgage. There is, however, a risk to consider. At the end of your loan term you will need to pay off your outstanding balance. This usually means you must refinance, sell your home or convert the balloon mortgage to a traditional mortgage at the current interest rates.Balloon Mortgages Balloon Mortgage ResultsYour payment is MONTHLY_PI for TERM_BALLOON years with a rate of INTEREST_RATE. **GRAPH** Your payment of MONTHLY_PI is fixed for the TERM_BALLOON year term of your balloon mortgage. After REGULAR_PAYMENTS regular monthly payments you will have a balloon payment of BALLOON_PAYMENT that will need to be paid off or refinanced. (Your ending balance of BALLOON_PAYMENT does not include any prepayments.)Mortgage Summary PaymentsREGULAR_PAYMENTS monthly payments of MONTHLY_PI 1 balloon payment of BALLOON_PAYMENT Loan amount LOAN_AMOUNT Interest rateINTEREST_RATE Term TERM_BALLOON years Amortization period TERM years Total of regular payments TOTAL_OF_PAYMENTS Balloon payment BALLOON_PAYMENT Total interest paid INTEREST_PAID Prepayment ResultsPrincipal prepayments on your mortgage can save you a great deal of interest. Below is a summary of your proposed prepayments for your balloon mortgage.Prepayment Summary AmountPREPAY_AMOUNT PREPAY_TYPE Start with paymentPREPAY_STARTS_WITH  Total paymentsPREPAY_TOTAL_OF_PAYMENTS  Total interestPREPAY_INTEREST_PAID  Interest savingsPREPAY_INTEREST_SAVINGS  Balloon paymentPREPAY_BALLOON_PAYMENT  Payment schedule **REPEATING GROUP**Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues."> This Financial Calculator requires SUN's Javaª Plug-in. If you see this message you will need to download SUN's Javaª Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing ÒInstall ActiveX ControlÓ.You can also get SUN's Javaª Plug-in here: Get the Javaª Plug-in!For more information about this Plug-in please visit: SUN's Javaª Plug-inFor more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC// Definitions Mortgage amountOriginal or expected balance for your mortgage. Interest rateAnnual interest rate for this mortgage. Term in yearsThe number of years over which you will repay this loan. The most common balloon mortgage terms are 5 years and 7 years. After the mortgage term is complete, you will then need to refinance or pay off the remaining balance. Monthly paymentMonthly principal and interest payment (PI). The monthly payment is calculated using a 30 year term. Total paymentsTotal of all monthly payments over the term of the balloon mortgage. This total payment amount assumes that there are no prepayments of principal. Total interestTotal of all interest paid over the term of the balloon mortgage. This total interest amount assumes that there are no prepayments of principal. Prepayment typeThe frequency of prepayment. The options are none, monthly, yearly and one-time payment. Prepayment amountAmount that will be prepaid on your mortgage. This amount will be applied to the mortgage principal balance, based on the prepayment type. Start with paymentThis is the payment number that your prepayments will begin with. For a one-time payment, this is the payment number that the single prepayment will be included in. All prepayments of principal are assumed to be received by your lender in time to be included in the following month's interest calculation. SavingsTotal amount of interest you will save by prepaying your mortgage. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Does helium help the balloon fly?
Yes, helium will help a balloon fly. Helium does not affect the direction that a balloon goes, but it will keep it in the air for quite some time.
What do you call the people that follow the balloon to help the pilot deflate the balloon and drive back to the launch field?
The people that follow the balloon to help the pilot deflate the balloon and drive back to the launch field are called the 'ground crew' or 'chase crew'.
What is the purpose of a balloon?
A gastric balloon aims to reduce feelings of hunger and help one feel fuller longer after eating only small meals. This kind of balloon is also known as an intragastric balloon.
What is the purpose of a gastric balloon?
A gastric balloon aims to reduce feelings of hunger and help one feel fuller longer after eating only small meals. This kind of balloon is also known as an intragastric balloon.
Can not pay balloon payment on time what's next?
Call the hopeline at 888-995-HOPE or visit http://www.995hope.org/ we can help
How do you put a balloon inside of a balloon?
This could be easier to do if you have someone help you. First, stretch open the mouth of a balloon and keep it stretched. Second, put another balloon inside the open balloon. Third, unstretch the balloon, so the balloon inside the balloon stays inside. If you want both balloons to be full of air, blow air into the smaller balloon to the appropriate size. Tie it so the air won't escape. Then, blow into the outside balloon, so it will grow bigger than the inside balloon, then tie it. The outer balloon may be a clear and see-through, so people can see through it and notice the smaller inner balloon to admire your creation.
Will a mortgage calculator help you determine your mortgage payment?
A mortgage calculator will definitely help you determine your mortgage payment. The calculator will help you decide what mortgage is right for you by allowing you to see what types are out there and the current interest rate.
How do you get a green balloon on Counterfeit Island?
You can get a green balloon on Counterfeit Island by going to Bobo's clown store. Ask the clerk if you can have a balloon. She'll say: "Sure! Help yourself!" And then you can choose your color, but get the green balloon and take it to the Country Side (right).
Do you need colored balloons to make balloon flowers?
you don't need colored balloons to make the balloon flowers. But it does to help add interest to the balloon if you want to make a big impression. Good impressions are always key.
How does the Skirt help direct a hot air balloon?
it doesn't
