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Lafayette is located amongst the East Bay hills, and is filled with lush tree-lined streets. The residential area surrounds downtown, which is home to smaller homes, apartments and a variety of specialty shops. Lafayette offers a quaint, small town atmosphere, with a variety of recreational activities along with access to urban amenities. Downtown Lafayette offers a large variety of excellent shops, restaurants, entertainment, and specialty stores. Lafayette has been diligent in maintaining the areas natural surroundings. Exhibited by the beautiful neighborhoods and the abundance of lush trees.  Orinda is located just east of Oakland and 30 minutes outside of downtown San Francisco. Orinda is in southwest Contra Costa County, California. It was incorporated as a City in 1985, after more than 100 years of consistently growing development. Orinda is one of the most beautiful cities in Contra Costa County, and is the proud host of the California Shakespeare Festival. The City of Orinda is a family community that offers its 17,000 residents a quiet setting in contrast to the more urban surrounding areas. The wooded hillsides of the 12.8 square-mile City contribute to Orinda's picturesque beauty. Natural beauty, excellent schools, safety, history, culture, serenity and its proximity to major San Francisco Bay locations and activities make Orinda a delightful place in to live, visit, and shop.
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Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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What famous writer's home is Rowan Oak?
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Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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