When you start looking at loans, all the different options can be confusing. A balloon mortgage is a specific type of home loan that requires you to make a large payment — hence, the name “balloon” — ...

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 ...

Whether you finance or lease, you may have the option of a “balloon payment” at the end of the term. A balloon payment on a car is a large payment due at the end of the loan or lease term. Try This: 4 ...

Section 32 is part of the Home Ownership and Equity Protection Act of 1994. It is a part of regulation Z of that act. It ...

Virtually all commercial real estate loan documents contain a provision providing that if a payment is not timely, a late fee is imposed in connection with that late payment—typically 5% of the amount ...

More than a third of South Africans opt for a balloon payment at the end of their car-finance term. Here’s why you should avoid it ...