For the everyday homebuyer, balloon mortgages are a relic of the past — and for good reason. This type of mortgage was widely used in the lead-up to the 2008 financial ...

When you start looking at loans, all the different options can be confusing. A balloon mortgage is a specific type of home loan that requires you to make a large payment — hence, the name “balloon” — ...

More South Africans are turning to balloon payments to drive off in new cars with lower monthly instalments. But the deal comes with a catch. “Lowering your monthly repayments can help you to stretch ...