Balloon loan

Balloon Loan
A balloon loan is any loan that has one final large payment called the balloon payment due at the end of the loan period. Bullet loan and balloon note are also common terms for the balloon loan.

Balloon Loan
A Balloon Loan (sometimes known as a bullet loan) is a loan that requires a large sum of money to be paid when the loan term is complete.

Balloon Loan
Definition
A loan whose amortization schedule includes a final payment which is much larger than the previous regular payments. The final payment is often referred to as a balloon payment.

Balloon loan
A long-term loan in which the payments aren't set up to repay the loan in full by the end of the term. This loan has one large payment due when the loan matures. The type of loan often has a low interest payment.

BALLOON LOAN - A loan in which the payments aren't set up to repay the loan in full by the end of the t...
BALLOON LOAN / MORTGAGE - A loan which is repaid by a series of small, periodic payments until a given ...

Balloon Loan
A mortgage in which the monthly payment is not intended to repay the entire loan. The final payment is a large lump sum of the remaining principal.
Balloon Payment
The final lump sum payment of a balloon loan.

Balloon Loan - A loan with periodic installments of principal and interest that do not fully amortize the loan. The balance of the loan is due in a lump sum at a specified date in the future, usually at the end of the term.

balloon loan
A loan for which the final payment, larger than all of the previous, regularly scheduled payments, is due in a lump sum before the loan is fully amortized. The final payment is called a balloon payment.
balloon mortgage ...

Balloon Loan or Mortgage: a mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.

Balloon Loan - A type of loan which does not fully amortize over its term. Since it is not fully amortized, a balloon payment is required at the end of the term to repay the remaining principal balance of the loan.

Balloon Loan
This type of loan is not designed to be repaid in full through periodic payments at the end of the loan term. When the term ends, a balloon payments is due.

Learn more about currencies and exchange rates balloon loan A long-term loan, often a mortgage, that has one large payment (the balloon... balloon maturity A repayment schedule for an issue of bonds in which a large number of the bonds...

Balloon loans are sometimes called "partially amortized loans." banker’s acceptance (BA) A financial draft drawn on a bank, and used extensively as a form of payment in the import/export business.

A balloon loan is one with a large final payment....(Read more)
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On a 7-year balloon loan, for example, the payment is usually calculated over a 30-year period, and the balance at the end of the 7th year must be repaid or refinanced at that time.

A bullet loan is similar to a balloon maturity loan, with the important difference that a bullet loan, unlike a balloon loan, has no obvious source of repayment.

There's also another type of loan called a balloon loan, which works as a fixed-rate loan for a stated period (say ten years) and then requires that you pay the remaining principal off in one balloon payment.

Bullet Loan: A term loan with periodic installments of interest only with the entire principal due at the end of the term as a final payment. The final payment on a balloon loan is sometimes referred to as a bullet.

Self-Amortizing Mortgage. A mortgage where the periodic payments of interest and principal will automatically retire the debt at maturity. Contrast with an interest-only or balloon loan where there will be remaining principal at maturity.

See also: Balloon, Balloon payment, Banks, Saving, Bills