Add Yahoo as a preferred source to see more of our stories on Google. what is a balloon mortgage? Mention a balloon mortgage, and you might picture a house soaring through the sky, lifted by a bunch ...

A balloon mortgage requires low payments for a number of years, followed by a large, lump-sum "balloon payment" at the end of the loan term. The vast majority of Americans have a traditional ...

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 ...

A balloon mortgage is a type of home loan with a shorter term than traditional mortgages, typically between 5 and 7 years. It features lower monthly payments throughout the term, but requires a large ...

Balloon mortgages are short-term home loans that allow borrowers to make small monthly payments — or no payments at all — for several years. After that initial period is over, though, the remaining ...

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 ...

Conventional mortgages aren't the right fit for every type of buyer. A balloon mortgage is a home loan where you make regular payments for about five to seven years and then a lump-sum payment ...

A balloon mortgage involves making small payments for a set period, followed by one large balloon payment at the end of the loan term. Balloon mortgages can be risky for borrowers, as they may ...

If you’re thinking about purchasing a home, you should get familiar with your mortgage options. Balloon mortgages are not as common as traditional 15-year and 30-year mortgages. However, there are ...

A balloon mortgage is one option for those taking out loans to buy a home. Initially, a balloon mortgage likely has fixed, low monthly payments––although some balloon loans can have variable interest ...