what is balloon payment mortgage

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    Definition of Balloon Payment | What is Balloon Payment. – Definition: Balloon payment is the lump sum payment which is attached to a loan, mortgage, or a commercial loan.This payment is usually made towards the end of the loan period. Balloon payment is higher than what you might be paying towards the loan on a monthly basis.

    What Is Balloon Payment Mortgage – Alexmelnichuk.com – A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. balloon payment mortgages are more common in commercial real estate than in residential real estate. A balloon payment mortgage may.

    Balloon payment financial definition of balloon payment – Definition of balloon payment in the Financial Dictionary – by Free online English dictionary. The full principal amount due at the end of a balloon mortgage.