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Mike and Charisse Maloney

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    Reduced - 5bed, 5 Bath Embassy Lakes, Cooper City $799,000 
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City/ST:   Cooper City, FL   Zip Code:   33026   Location:   Cooper City  
Property Type:   Single Family Home   New or Resale:   Resale    Square Footage:   4684  
Bedrooms:   5   Bathrooms:   5   MLS#   D1344444  
Property Tax:   7300  

This is a 5 bedroom, 5 bath, 2 car garage home with a pool on the water in Embassy Lakes, Cooper City. Custom built ins for library, master bath suite, kid's den & study, bar & family room; new kitchen; concrete 2nd floor; new double truss roof; impact glass; new A.C.; plantation shutters & window coverings; oversized pool on lake. Cooper City A rated schools. There is a community pool, tennis courts, clubhouse and it is guard-gated.

Last Updated: 8/4/2009 10:45:04 PM
Listing Agent and Office:  Douglas Addeo, Community Realty Associates

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Real Estate Tips
Financing Your Home >Balloon Mortgages

In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.

Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.

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Real Estate Trivia
Q 
The smallest of Canada's 1000 Islands shares a name with a fairy tale hero. What is it?

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Tom Thumb
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Mike and Charisse Maloney, REALTOR®, real estate agent and broker for Cooper City, Davie and Bradenton, Florida home listings, property and land for sale - NUMBER1EXPERT

Mike and Charisse Maloney
Keller Williams Properties

1625 N. Commerce 3Pkwy. Suite 105
Weston
FL, 33326
Cell: 954-448-9635
Fax: 954-827-2288
Email: mikemaloney12@verizon.net


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