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” — ...

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 ...

Mention a balloon mortgage, and you might picture a house soaring through the sky, lifted by a bunch of colorful balloons—just like in the movie “Up.” But don’t let the whimsical name fool you—a ...

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 ...

Balloon mortgages are not uncommon when purchasing a single-family home, but here’s what you need to know about the nontraditional route. There are many types of mortgages; however, a balloon mortgage ...

Virtually all commercial real estate loan documents contain a provision providing that if a payment is not timely, a late fee is imposed in connection with that late payment—typically 5% of the amount ...