A
balloon payment is a large sum of money that must be paid at the end of a loan. It is called a "balloon" because it is much bigger than the regular monthly payments.
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«balloon»
«payment»
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Phrases with «balloon payment»
Sentences with «balloon payment»
- This means that each monthly payment will be the same until a final balloon payment at the end of the loan term. (valuepenguin.com)
- Interest will be higher and they normally come with balloon payments. (biggerpockets.com)
- - Is there a way to structure this investment as a loan that has a variable rate based on net income and then some sort of balloon payment when sold? (biggerpockets.com)
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