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"She is the reason we are happy homeowners today!"
"My husband and I began looking for a house in the fall of 2001. We had our minds set on an older home. Tammy spent countless hours finding houses for us to look at that fit our criteria. After seeing many older homes, we decided they really weren't what we were looking for. Tammy was able to switch modes and began finding us newer homes in our price range. Since my husband and I were out of the area and had tight work schedules, Tammy would preview homes for us during the day that she thought we would like...and she was absolutely right! Tammy found that home and we wanted to act very quickly. Tammy spent a lot of time on the phone making sure everything went smoothly to insure we got that house. Before we moved in, we wanted to see the house a few more times to get a feel for what we needed to do. Tammy was always willing to help and took us to the house even late into the evening. I know she did everything in her power to make sure we got the house we wanted and I am also sure she is the reason we are happy homeowners today!"
"Stacey Criel"
You have a story to tell about me. You've worked with me, and I've helped you buy or sell a home. I need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell me how I did... 
Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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| Q |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
