balloon loan



Use balloon loan in a sentence

One should be cautious of a balloon loan as it requires a large payment at the end of the loan period.


The mortgage lender was offering a balloon loan that provided for a 2.25% fixed rate however required a balloon payment of the outstanding balance at the end of year seven.


I will usually advise against young couples getting balloon loans for their homes because they have so many distractions in those early years, and the term sneaks up on them very quickly.


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partially amortized loan renegotiable rate