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Feature Property - Beautiful BiLevel

$225,000 Reduced

Cherry Hill Delight

City/ST: Cherry Hill, NJ	Zip Code: 08034	Property Type: Single Family Home
New or Resale: Resale	Square Footage: 0	Bedrooms: 3
Bathrooms: 1 full, 1 half	MLS# 5433753

Last Updated: 10/30/2009 5:06:34 PM

Listing Agent and Office: Property Listing information Courtesy of, Long and Foster Cherry Hill

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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.

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Q	Where would you go to enjoy a soak in the world's largest bathtub?
A	The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time.
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Ginger Belland and Hal Stark, REALTOR�, real estate agent and broker for Burlington, Camden, Gloucester and Ocean County, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Ginger Belland and Hal Stark
Long and Foster Real Estate
1450 Route 70 East
Cherry Hill, NJ 08034
856-857-2157
hal.stark@lnf.com
ginger.belland@lnf.com
�
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Long and Foster Real Estate, inc. 1415 Route 70 East 200 Cherry Hill Plaza � Suite 106 Cherry Hill, NJ 08034
Office: 856 757 2200 Fax: 856 310 19229