Add Yahoo as a preferred source to see more of our stories on Google. what is a balloon mortgage? Mention a balloon mortgage, and you might picture a house soaring through the sky, lifted by a bunch ...

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 ...

For the everyday homebuyer, balloon mortgages are a relic of the past — and for good reason. This type of mortgage was widely used in the lead-up to the 2008 financial crisis, leading to strict ...

Add Yahoo as a preferred source to see more of our stories on Google. When considering home loan options, you may come across something called a balloon payment. A balloon payment is often tied to a ...

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” — ...

Source: flickr user The Truth About. While applying for a mortgage recently, I was rather surprised at some of the loan options I was offered. Banks are now offering interest-only mortgages, balloon ...

Because of the Fed rate hikes of the past few months that have seen average thirty-year mortgage interest rates go from around 3% per year to the current 7.5% per year, very few people want to sign up ...

A balloon mortgage is one option for those taking out loans to buy a home. Initially, a balloon mortgage likely has fixed, low monthly payments––although some balloon loans can have variable interest ...

If you’re thinking about purchasing a home, you should get familiar with your mortgage options. Balloon mortgages are not as common as traditional 15-year and 30-year mortgages. However, there are ...

A balloon mortgage involves making small payments for a set period, followed by one large balloon payment at the end of the loan term. Balloon mortgages can be risky for borrowers, as they may ...