Balloon Mortgages

Groves Capital Makes Home Loans Easy

Click the button if you would like to apply for a loan now. Our application process is quick, easy, and most of all free. We never charge a client for a pre-qaulification application.

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Balloon Mortgages

Balloon mortgages have an interest rate that is fixed for an initial amount of time. At the end of the term, the remaining principal balance is due. At this time, the borrower has a choice to either refinance or pay off the remaining balance.

There are no penalties for paying off a balloon mortgage loan before it is due. Borrowers may refinance at any time during the life of the loan.

Balloon loans typically have either 5 or 7-year terms. For example, a 7-year balloon mortgage with an interest rate of 7.5% would feature this interest rate for the entire term. After 7 years, the remaining loan balance would become due.

Get Your Mortgage Going

Welcome to Groves Capital
The Nations Premier Home Loan Lender

Groves Capital is a family-owned business based in San Diego, CA. We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Today’s technology is providing a more productive and real-time environment. For example, through our website, you can submit a complete and secure loan application or pre-qualify for a home loan. You may also evaluate your different financing options by using our interactive calculators and going over various mortgage scenarios.  Additionally, you can search for properties through our interactive MLS portal.  In the complex world of lending; our goal is to make it as simple as possible.

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