Usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the contract.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). balloon (payment) mortgage. Retrieved October 1, 2026, from http://smartdefine.org/balloon_(payment)_mortgage/definitions/1148291 |
| Chicago | Barry Goldsmith. 2010. "balloon (payment) mortgage" http://smartdefine.org/balloon_(payment)_mortgage/definitions/1148291 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, balloon (payment) mortgage, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/balloon_(payment)_mortgage/definitions/1148291>. |
| MLA | Barry Goldsmith. "balloon (payment) mortgage" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/balloon_(payment)_mortgage/definitions/1148291> |