If the owner is looking for a 5 year balloon payment and you can't get it turned around, can't secure bank financing, etc. then what do you do? (biggerpockets.com)
Seller financing contracts are often a five - year balloon mortgage, meaning they're due in five years no matter how much the buyer has paid off. (mortgageloan.com)
For example a 100,000 loan could be set up as a 5 year balloon with a 30 year amortization. (stlmortgageconsultants.com)