+23254 A balloon mortgage (and every balloon loan) has a last payment that is larger than the previous payments.
So, if you have a loan that you pay off at the rate of $1000.00 per month, if it has a final payment of $1500.00 (or even $15,000.00), then you have a balloon loan.
+23254 A balloon mortgage (and every balloon loan) has a last payment that is larger than the previous payments.
So, if you have a loan that you pay off at the rate of $1000.00 per month, if it has a final payment of $1500.00 (or even $15,000.00), then you have a balloon loan.
