Posted by River City on November 18, 2008 at 07:09:10:
In Reply to: BTV- balloon to value calculations posted by Michael Morrongiello on November 17, 2008 at 12:49:56:
Thanks for the info, Michael. I have a house I am going to offer owner financing on, and had also considered a balloon. It makes sense to have it balloon at 80% or less so it would be easier for the borrower to obtain financing.