A balloon payment usually refers to a large lump sum that is due after a certain period of time on a loan, and is part of the loan agreement.
Balloon Payments - What They Mean To You
- By Joe Schutt
- Posted
30 Year Fixed
A balloon payment usually refers to a large lump sum that is due after a certain period of time on a loan, and is part of the loan agreement.
Only real estate professionals who are members of NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict code of ethics, which is based on honesty, professionalism and the protection of the public.