Are you involved in a commercial real estate business? Do you need financial aid for your investments? Surely finding the right lender and loan is not only difficult but also a rather stressful task to do. Pegasus Mortgages knows of these issues and so we work to keep you free from not just the stress but also the difficulties and worries that come along with the search. To do that, we offer Balloon mortgages to potential borrowers against commercial real estate.

Balloon Mortgages are typically short term in nature, varying from 5 to 10 year terms. These types of mortgages typically carry a low monthly payment which only repays a portion of the mortgage principle and interest till the end of the term.  Upon maturity the full loan payment becomes due and the borrower can either refinance their mortgage to a new one or pay out the loan in full.

What are the benefits of a Balloon Mortgage?

Lower Interest Rates
The interest rates are typically lower in a Balloon mortgage. The time period of the agreement is not as long as other mortgages, giving you the benefit of having lower interest rates for your term.

Affordable Monthly Payments
Repayment is the major issue that most of the borrowers have to face. If the payment amount is high, then you may have difficulty in making all the payments, however that’s not the case with Balloon Mortgages. You are offered monthly payments that are within your affordable range to make the mortgage work for you, not against you.