Panicked? Balloon Payment Due! What to do?

So you just talked to the Bank or Mortgage Company and your 30 year land loan has a balloon payment due in year 3 of the loan and you are now 2 and a half years into the loan and your lender will not renew your note. In fact many of the lender no longer do land loans. This is a common scenario that we are seeing right now as we get into 2010.

So what do you do? Give Carol at Peak View Mortgage a call today because we have a lot of Land Loan options available. You can reach Carol at 719-738-2367 or email her right now and let’s get started