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 ...

Balloon payments are large, end-of-term payments on loans that only partially amortize over their term. These loans can increase initial purchasing power but risk foreclosure if the balloon payment ...

A balloon mortgage involves making small payments for a set period, followed by one large balloon payment at the end of the loan term. Balloon mortgages can be risky for borrowers, as they may ...

If you’re thinking about purchasing a home, you should get familiar with your mortgage options. Balloon mortgages are not as common as traditional 15-year and 30-year mortgages. However, there are ...