How do I manage balloon-payment risk?

Direct answer

Refinance 12–18 months ahead of maturity; never let a balloon arrive without exit lined up.

Expanded explanation

Mark every balloon date on calendar minus 18 months. Begin refi shopping 6 months out.

Examples

• 10-yr balloon 2029 → start refi process Q4 2027.

More Financing questions

• What's the difference between a DSCR loan and a conventional loan?
• Conventional vs DSCR loan — which to choose?
• When does hard money make sense?
• When should I use a portfolio lender?
• How do I negotiate seller financing?
• What is DSCR and what's a good ratio?