Ever heard of a balloon payment? If you’re in the market for a new home or refinancing, this is a term you definitely want to understand! In this episode, Rachel Sheller, owner of Octavian Group Realty, breaks down what a balloon payment is, how it works, and why it could surprise you at the end of your loan.

Is it the right option for you, or a risk you should avoid? Tune in to learn how balloon payments can impact your finances and how to plan ahead if your loan includes one.

Looking for personalized real estate advice? Reach out to Rachel today—she’s here to help you navigate every step of the home-buying journey!

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