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If a commercial property owner has a balloon coming due and their credit score is poor will that lender refinance that property?
Wiki User
∙ 14y ago
There's a very small chance of that happening.
Wiki User
∙ 14y ago
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What if you can't afford the balloon payment?
Lenders do not want you to default on your mortgage. As with any other mortgage, in the case of the balloon payment, your lender will try to work with you to refinance your mortgage into payments you can handle. If you can't refinance, you may be forced to sell the property (unless the bank does it for you) to cover the balloon payment. Most people will be able to refinance, the question is just how high their rate will be. You do not have to use the same lender that your first ballon mortgage was with. Many lenders have programs for people with less than perfect credit. The only problem is your rate will be high, so you want to refinance as soon as you have a decent credit score to get a lower rate. If your balloon payment is coming due and you can not qualify for a loan because you owe more than the home is worth then talk to your lender about a shortsale or deed-in-lieu. If neither of these are available and a workout just isn't possible, it may make more financial sense for you to just walk away from the property.
Why does the air change the shape and size of the balloon?
Because the air is coming inside the balloon.
When is balloon super monkey 2 coming out?
2011 Jan 1st
How do you create a balloon powered car that goes 15 feet?
Glue a balloon to a little toy car. Blow up the balloon, without tying the end. Set the car with balloon on the ground and watch the car be propelled by the air coming out of the balloon for about 15 feet.
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Its coming our October 27th or 28th 09
Why are dragons coming to you?
Dragons probally want something on your property or they want to live on your property.
Is a bursting balloon a physical change?
no, bursting of balloons is a physical change as the only change that occurs that that the shape of the balloon changes . Coming out of air is not a chemical change.
What is the commercial where the cell phone is coming out of flower?
The song is Daydreamin by Jill Scott and it is an AT&T Wireless commercial.
Can a spouse refinance once separated from the loan owner in California?
Yes you can refinance and in order to secure a California home loan your spouse would have to sign a quitclaim deed, included in the final loan papers,to the affect that they are giving up their rights to the property. Your lender must put their blessing on this as well and your spouse will receive a questionairre from the tax collector asking if she received any funds (a buyout) in exchange for coming off title. <Ahref="http:www.affordableloansbykevin.com">California home loan</A>
How does this balloon come out of your body?
Um... you shouldn't have balloons coming out of your body. You may want to see a doctor about this.
Which of the following is a property of the steam coming off of the tea?
Root
