what is balloon payment mortgage


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     · A balloon payment is a large payment due at the end of a balloon loan, such as a mortgage, a commercial loan, or another type of amortized loan. A balloon loan is typically for a.

    Introduction to Mortgage Loans | Housing | Finance & Capital Markets | Khan Academy Balloon Payments: Definition and Benefits – Balloon payments: the detail. Now you know what balloon payments and loans are, let’s take a look at exactly how they work. Typically, the type of loans that have a final, or regular, balloon payments are used to offset the low amount of money that you would put into a loan agreement.

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    Balloon loans often appear in the mortgage market, and they have the advantage of lower initial payments.Balloon loans can be preferable for companies or people that have near-term cash flow issues but expect higher cash flows later, as the balloon payment nears. The borrower must, however, be prepared to make that balloon payment at the end of the term.