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      01-09-2014, 11:36 AM   #1
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Question Paying off a Balloon amount ahead of its due date...

Hi all,
Does anyone know how a Balloon amount can be paid off before it's due date and how is it calculated?
Are there penalties ?
Can we settle at any point or MUST we wait until its due date?
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      01-09-2014, 04:57 PM   #2
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Look at the mouse print on your contract. It will tell you all you need to know.

If this is a proposed deal, then ask for the contract.
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