1.1K views | Kelly breaks down how balloon payments can be used...
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1.1K views | Kelly breaks down how balloon payments can be used...
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FacebookMotorlend
Quick clarity on why you’re not seeing a “total interest %” on a balloon loan. A balloon loan usually means you’re paying along the way, but the full principal is still due at the end. That’s why the math looks different. And no, you usually can’t just “cover the whole land loan” with a line of credit. But you can use a simple interest personal line of credit to chunk down the balance so the balloon payment is smaller. Click the interview to see the structure we teach, then comment: is this raw
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