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2. What is a balloon mortgage? - AOL

   www.aol.com/finance/balloon-mortgage-152953219.html

   A balloon mortgage is a type of home loan in which you make low or no monthly payments for a short term, usually five or seven years. After this low- or no-payment period ends, you pay a large ...

3. How to buy a house with low income - AOL

   www.aol.com/finance/buy-house-low-income...

   Save for a down payment and closing costs: While there are some loans that don’t require a down payment, most will require at least 3 percent down. If the house costs $350,000, 3 percent down is ...

4. 3 Ways Homeowners Feel ‘Trapped’ Despite Interest ... - AOL

   www.aol.com/3-ways-homeowners-feel-trapped...

   They were able to take advantage of rates that made mortgages affordable and they locked in low monthly payments. It seemed like the perfect time to become a homeowner. But the market has shifted ...

5. Rent-to-own - Wikipedia

   en.wikipedia.org/wiki/Rent-to-own

   Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...

6. It's Getting Harder to Make Monthly Loan Payments: Here's ...

   www.aol.com/getting-harder-monthly-loan-payments...

   As prices rise, so do loan defaults, since a dollar just doesn't buy what it used to. Read on if you're overwhelmed and need a hand to get back on track.

7. Graduated payment mortgage loan - Wikipedia

   en.wikipedia.org/wiki/Graduated_payment_mortgage...

   A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young people who cannot afford large payments now, but can realistically expect to raise their incomes in the future.