When considering home loan options, you may come across something called a balloon payment. A balloon payment is often tied to a balloon loan, which can have lower initial payments than a traditional ...

Balloon mortgages are short-term home loans that allow borrowers to make small monthly payments — or no payments at all — for several years. After that initial period is over, though, the remaining ...

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 ...

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 ...