Add Yahoo as a preferred source to see more of our stories on Google. what is a balloon mortgage? Mention a balloon mortgage, and you might picture a house soaring through the sky, lifted by a bunch ...

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 ...

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” — ...

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 crisis, leading to strict ...

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 ...