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Pascal Angelini

Pascal Angelini
Dilbeck Real Estate
818-730-0927
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Balloon Loans

Balloon loans can have different types of maturity rates. The typical Balloon loan has a term of 5 to 7 years if it is a first mortgage. These loans are short term and do not fully amortize over the original term of the loan.

When a balloon loan comes to maturity, there is typically still a remaining balance to be paid off. At this time mortgage companies will require the loan to be paid in full. This can either be accomplished by paying the loan off, or by refinancing. Often, companies also have a conversion feature at the end of the Balloon term. One example of this would be if a balloon loan was coming up for expiration, the loan may convert to a 15 or 30 year fixed loan plus a percentage point in surplus of the loan. The balloon mortgage with a conversion option is often called a 7/23 Convertible or a 5/25 Convertible.


Pascal Angelini
Dilbeck Real Estate
303 N. Glenoaks Blvd. L-110 Burbank CA 91502
600 N. Brand Blvd. #210 Glendale CA 91203
Phone: 818-730-0927
Email: Propertiesbypascal@gmail.com
DRE #01421035

Testimonials

Pascal goes above and beyond as a realtor. He responds to calls, emails, texts promptly no matter what day of the week or time of day. He took the ideas we had of types of neighborhoods we wanted to buy in and made it happen in a very short period of time. Pascal will go that extra mile for you when others will not! I would highly recommend using him to family, friends and anyone else I meet. If you choose Pascal as your realtor, he'll have your back throughout the home search and escrow period. Jim T.
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