“How REI Branded Home Buyer Can Help”
Balloon mortgages can feel like ticking time bombs. You make low payments for years—then suddenly owe tens or hundreds of thousands in one big lump sum. If your balloon payment is coming due in Washington and you can’t afford to refinance or pay it off, you might be thinking about selling.
Good news: You can sell your house with a balloon mortgage, and you still have time to avoid default or foreclosure. At REI Branded Home Buyer, we help homeowners all over Washington get out from under balloon mortgages with fast, fair cash sales.
Let’s walk through your options.
What Is a Balloon Mortgage?
A balloon mortgage is a loan where you make smaller monthly payments for a set period—usually 5 to 7 years—and then pay the entire remaining balance in one lump sum at the end.
It might look like:
- Monthly payments based on a 30-year schedule
- But loan matures in 5 years
- Remaining balance (often $100,000+): due at once
Most people plan to refinance before the balloon payment hits. But if interest rates have gone up, your credit has declined, or you can’t qualify for a new loan, refinancing might not be possible.
Can You Sell a House With a Balloon Mortgage?
Yes, absolutely. In fact, selling before the balloon payment is due is one of the most common exit strategies.
Here’s how it works:
- Get a payoff quote from your lender (you’ll need this for closing).
- Sell the property—ideally before the balloon payment deadline.
- Use sale proceeds to pay off the loan and keep any remaining equity.
But if your property needs repairs, is underwater, or you’re under time pressure, listing it traditionally might not work.
What If You Can’t Sell in Time?
If the balloon payment comes due and you don’t pay:
- You may be charged penalties or late fees
- The lender could begin foreclosure proceedings
- Your credit could take a major hit
That’s why acting early is key. If your deadline is 30, 60, or even 90 days away, now is the time to take action.
How a Cash Sale Can Help
We’ve helped homeowners in Spokane, Yakima, and beyond avoid balloon payment disasters by offering fast, cash purchases with no repairs, agents, or commissions.
✅ Sell as-is, no matter the condition
✅ Close in as little as 7 days
✅ We handle liens, payoff logistics, and title
✅ Keep your equity and avoid foreclosure
A Spokane Seller’s Story
We recently worked with a seller in the Hillyard neighborhood of Spokane who had a balloon mortgage coming due on a fixer-upper rental. They couldn’t refinance due to credit issues, and the house needed major work. We made a cash offer, closed in 10 days, and helped them walk away with $40K in equity—before the lender called the note due.
We Buy Homes With Balloon Mortgages Across Washington
Whether you’re in:
REI Branded Home Buyer is here to help.
Get a Cash Offer Before It’s Too Late
Balloon mortgages can be stressful—but they don’t have to end in foreclosure. If your loan is coming due and you’re exploring your options, let’s talk.
📞 Call us at 509-769-3439
📧 Email info@reibrandedhomebuyer.com
🔗 Or contact us today for a no-obligation offer.
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Please consult with a licensed attorney or mortgage advisor before making decisions about a balloon mortgage or foreclosure.
Sell Your Spokane House Fast Today
About REI Branded Home Buyer
Real People. Real Stories. Real Solutions. We’re George and TJ — two regular guys who teamed up to create REI Branded Home Buyer, a local company with one simple mission: to help people sell their homes without stress, games, or pressure. We actually met at a local real estate meetup. A mutual friend randomly shouted, “Hey George, do you want to be this guy’s mentor?” George laughed and said, “Just give him my cell!” A coffee meeting later, and the rest is history. We've been working together ever since. Our passion for helping homeowners comes from personal experience. George was once homeless, so he deeply understands what it’s like to face housing uncertainty. TJ’s family went through a crisis and had to sell their home fast — with the help of a cash homebuyer. Those experiences shaped who we are and inspired us to create a company that treats people the way we wish we’d been treated. Let’s be real: the real estate world is full of shady companies, pushy salespeople, and sleazy homebuyers who care more about profit than people. We started REI Branded Home Buyer because we believe it should be the other way around — people first, profit second. We’re proud to call Spokane home. Our wives, Jenny and Michelle, love the slower pace of life here and all the outdoor beauty Washington has to offer. George and Jenny have two amazing daughters and two dogs — they love to travel and recently visited Japan to see their daughter abroad. TJ and Michelle are outdoor lovers through and through — backpacking, hiking, hunting, fishing, even rock climbing. Michelle’s become quite the mountaineer! If you’re thinking about selling a house — no matter the reason — we’d love to hear your story and see how we can help.