Home Property Financing

Any type of balloon loan involves a very large final payment after all the payments of the loan are made.  For a balloon mortgage, this might mean an actual loan term after the original loan has been amortized, typically for a five to seven year term. In other cases, a balloon mortgage might mean that the lender has the right to call the entire unpaid balance of the mortgage due within 30 days of the balloon payment being due.  This means ... Read More »