I agree with Attorney Fink - you have better things to worry about than a ballon payment in 25 years. On a 30 year amortization loan - how much is 50% of your loan balance in 25 years? Not much I suspect. If you have a loan modification approved, you are one of the lucky few. Take the mod and don't worry about the baloon payment.
Richard A. Rodgers, Esq.
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888-995-HOPE is the government number for HAMP questions. I would not worry about balloon payment in 25 years. Chances are you will sell house or refi long before then.
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