The Motley Fool just published a post about an interesting topic.
Should the once-popular mortgage lending product — the balloon mortgage — make a stunning return to the market?
Here's is what they have to say at the Motley Fool:
"Although not as popular as they were before the mortgage crisis, a balloon mortgage is still an option for homebuyers. These loans can be tempting, since they tend to come with lower interest rates and monthly payments than traditional mortgage loans. However, there are some potentially deal-breaking points you need to think about before considering a balloon mortgage for your next home purchase."