Balloon mortgage

Balloon mortgage is a term in finance for a mortgage on which the outstanding principal amount of the loan taken is repaid by the borrower at the end of the loan period at one go. The amount thus paid is usually a large portion of the principal amount, since the borrower, hitherto, have been paying only the interest or/and a little of the borrowed principal loan.

Nearby pages
Balloon payment, Balloon tire, Balloon vine, Balloon-tired, Ballooning