"Our heartfelt thanks and admiration"
"We have recently moved to Nevada City from Santa Barbara. Having no personal knowledge of any realtors here we picked Cheryl because of her large variety of listings & her successful sale statistics. After we met Cheryl it was obvious that we had made a great choice. Cheryl showed us several different houses in various area of Nevada County. She quickly and accurately learned our tastes and preferences. We soon found the house of our dreams. Cheryl & her excellent staff continue to impress us during the entire escrow process. We pinch ourselves everyday at how lucky we are to live in this scenic town and our own beautiful home. Cheryl said that her greatest joy as a realtor is helping her client’s find the perfect home. She has done just that and so much more. Our heartfelt thanks and admiration for a job well done!"
Mark & Cheryl Glace
You have a story to tell about me. You've worked with me, and I've helped you buy or sell a home. I need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell me how I did... 
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 is the world's longest frontier?
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At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
 See More Real Estate Trivia > |
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Cheryl Rellstab
Keller Williams Realty Nevada County
101 Mill St
Grass Valley, CA 94945
Main Number: 530-274-2727
Fax: 530-274-1438
CherylRellstab@NUMBER1EXPERT.com
cheryl@cherylr.com
Cheryl Rellstab has been involved in Nevada County real estate since 1984. Her background consisted of building fine homes for clients, purchasing property & building spec houses. Cheryl believes the most important contributions she can give to her clients is to listen to their needs and advise & guide them through the process. 2004 & 2005 were record years for Cheryl w/ 40 million & 44 million in sales, consecutively. Cheryl is an owner of the Keller Williams franchise in Nevada County. She was the top individual producing agent in the Keller Williams Northern California & Hawaii Region for 2005 - 2007 out of nearly 4000 agents & received national recognition at the Keller Williams convention for her achievement for each year. Her network base allows her to keep her finger on the pulse of new development in the local real estate area. In our fast-changing market, insight into current trends gives her an advantage. This is important because in real estate as in life, timing is everything! 
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