Balloon Mortgage.  A balloon mortgage offers lower fixed monthly payments than a traditional fixed loan during an initial period (usually 5 to 7 years) in lieu of making a final lump sum “balloon” payment for the entire remaining balance at the end of the term.  Like the adjustable rate mortgage (ARM), a balloon mortgage can help you save money early in the loan term and help you afford a bigger home or use the savings in other ways.  The balloon mortgage may make sense for you if you plan to be in your home 5-7 years or less, want predictable monthly payments and expect to have the money to make the final payment at the balloon date. 

Complete and submit the adjacent Utah Home Network Contact Form to learn more about balloon mortgages and discover the best loan option for you.   

Visit the Utah Home Loan Network home page to view reasons for using the Utah Home Loan Network for your home loan or mortgage.  There you’ll see: 

• There’s no cost or obligation
• How our program works
• Why you should use us
• 6 benefits of using the Utah Home Loan Network

Either submit the Contact Form on this page to find your best loan option or visit the Utah Home Loan Network home page for more information.