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Balloon Loan

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Balloon Loan
A loan or bond in which the borrower makes only interest payments for a set period of time. At the end of the term, the borrower repays the entire principal at once. A balloon loan may be useful when the borrower expects interest rates to be low at the end of the term, allowing him/her simply to refinance the loan. However, there is a high risk of default because not all borrowers actually have the cash to repay an entire loan in one payment. See also: Balloon Mortgage.
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For example, if you go for a balloon loan, you might have flexible rates, or else fixed rates, yet the rates could be high.
Home Mortgage ?Things to Consider as You Buy a Home by Lorne Wilkinson / Finance and Investment community
Balloon Mortgages Unlike amortized mortgages, balloon loans carry a lot of risks for Miami commercial real estate property buyers.
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During nonconventional times, such as what we are currently experiencing, nonconventional auto financing, balloon loans and leasing can provide unprecedented opportunity along with reduced risk.
Nonconventional auto financing offers opportunity without extra risk by Jacobson, David / Credit Union Times
 
 
 
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