[kaboodle777]

My parents took out a mortgage years ago and I was shocked to find out this past week that it's a balloon mortgage that comes due in 4 months. I'm worried they didn't understand the mortgage terms they originally signed for. What are their options?Although their credit is terrible, they have paid the mortgage consistently with no late payments for two years in-a-row. Is it possible for them to re-finance? Any other options for them to pursue?