Tag Archives: Balloon clause

 A Chapter 13 bankruptcy can be a godsend when you are facing tough financial circumstances.  There are many reasons that a Chapter 13 bankruptcy can be a better option for you than a Chapter 7 bankruptcy.  but, one often-cited negative of Chapter 13 bankruptcy is that your case is going to be open for quite […]

Most homeowners finance the purchase of their homes through “conventional” sources like banks and mortgage lenders.  For example, a common configuration for a home loan these days is about 5% interest rate, fixed rate, 30-years, and one that will pay off in full in those 30 years. No balloon payments due and no negative amortization […]