One way to snag a lower payment is to explore alternative loan options — like adjustable-rate loans or, less commonly, balloon mortgages. These loans can offer you lower monthly payments ...

What is a private mortgage lender? A private mortgage lender is usually a private or public company or individual that offers ...

Potential balloon payments: Some lenders offer interest-only loans, which leave you with a large lump sum to repay. Mortgage refinancing entails opening a new loan that replaces your original ...