– What sets a balloon mortgage apart from other loans is that it does not fully amortize over the life of the loan. While this kind of loan can be great for some people, it can be a disastrous for other. In this article, we’ve summarized the pros and cons of a balloon mortgage – is it the right move for you?
Mortgage Note Example Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions – Serial refinancers take note: If you had previously refinanced your mortgage. You can deduct that entire unamortized amount when you refinance again. Example 3: Say the mortgage you refinanced last.