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What is a Balloon Payment?

August 7, 2015 by Cornerstone Mortgage

If you are buying a home via contract for deed, you will more likely than not have to pay a balloon payment. Since contracts for deed are not fully amortized Kansas City home loans, you do not pay off the principal when you make your monthly payments. Rather, it is paid off when you make […]

Filed Under: Mortgages & Home Loans Tagged With: balloon loans, balloon payments, contract for deed, loan officer

Is Selling Your Home via Contract for Deed Right for You?

July 1, 2015 by Cornerstone Mortgage

If you wish to sell your home using a contract for deed, you first must recognize the risks that come with it for both you and the buyer. Before selling via contract for deed, weigh the pros and cons carefully to decide if it is the best move for you and your buyer. What is […]

Filed Under: Mortgages & Home Loans Tagged With: contract for deed, due-on-sale clause, kansas city mortgage, sell home

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Guild Mortgage Company is an Equal Housing Lender; AZ BK #0018883; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Georgia Residential Mortgage Licensee; GA #6268; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; NV Banker #1076 / NV Broker #1141; OR ML-176; Rhode Island Licensed Lender; State of Missouri Principal Location: 17280 North Outer 40, Ste. 101, Chesterfield, MO 63005; Company NMLS ID 3274. http://www.nmlsconsumeraccess.org/ All loans subject to underwriter approval. Terms and conditions apply. Guild Mortgage Company is an Equal Opportunity Employer. Guild Mortgage Company 5898 Copley Drive San Diego, CA 92111; For more licensing information, please visit https://www.guildmortgage.com/licensingBrought to you by Jweb Media.

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