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” — ...

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 crisis, leading to strict ...

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 ...

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 ...

Learn about balloon mortgages, including their definition, how they work, benefits, and drawbacks. Discover how to qualify ...

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 ...