David Saks: July 2013

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2253


It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan.

Is this fact true or false ?

Please take your time. The solution is posted below the wildlife photo.


A. False

Refinacing may be an option for a buyer when the balloon payment becomes due.

It might give the buyer the resources needed to avoid having to pay the full amount due when the balloon payment is due.

Check with your lender.

David Saks

Time&Temp Memphis

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Mr.Saks' participation in ActiveRain ended April 13, 2015.

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Comment balloon 2 commentsDavid Saks • July 08 2013 04:40AM
Real Estate Practice : Lesson 2253
#2253 It is never advisable for a buyer to consider raising cash for a balloon payment by refinancing his or her loan. Is this fact true or false Please take your time. The… more
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