Balloon Mortgage

Business, Legal & Accounting Glossary

Definition: Balloon Mortgage


Balloon Mortgage


Full Definition of Balloon Mortgage


Type of mortgage loan that requires the borrower to pay a large sum of money at the time of maturity. The borrower typically pays regular payments on the loan until the loan reaches maturity. A lot of borrowers accept this type of loan with the goal of selling the property before the maturity date and avoiding the balloon payment. A balloon mortgage is not ideal for borrowers unless they are positive that they will have the money to pay the balloon payment at the time of maturity.


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Balloon Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/balloon-mortgage/.
Chicago Manual of Style (CMS):
Balloon Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/balloon-mortgage/ (accessed: December 07, 2021).
American Psychological Association (APA):
Balloon Mortgage. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/balloon-mortgage/

Definition Sources


Definitions for Balloon Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.