Are balloon mortgages allowed in owner financing, because of Dodd-Frank?

Yes.. they are allowed.. Dodd-Frank does address balloon mortgages, however no final rules have been set in place... .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes. What you are referring to is the Qualified Mortgage guidelines which have been put into place yet.

Clarification. Yes balloon mortgages are allowed and No the Qualified Mortgage has Not been put into place yet.

Yes Balloon mortgages are allowed

The Dodd-Frank Act has been called the most comprehensive set of U.S. regulatory reformmeasures since the Great Depression. Yet, more than two years after the Act was signed byPresident Barack Obama, only a third of Dodd-Frank's nearly 400 required rules have beenfinalized and only a third have been proposed. Are balloon mortgages allowed in owner financing, YES

Yes for now.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation. Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com We are also proud Homes for Heroes affiliates!

you are confusing Dodd Frank with the QM rule. QM (Qualified Mortgage) will not allow for a Balloon payment loan. Therefore, it is unlikely that product will be abvailable once QM is finalized.