Everything You Need To Know About Loans
|  Loan Dictionary  |    |  

  Balloon Payment Definition
Balloon Payment The balloon payment is the last payment that is made at the end of a balloon mortgage. If your mortgage is amortized over a period of time that exceeds the actual term of your loan, the final payment on the loan will be a large lump-sum payment that will either need to be refinanced or paid in full.
   
   
   


    Next Steps: Read Money Saving Loan Advice and Find Lenders with the LOWEST Loan Rates.
 
Mortgage Loans Home Refinancing Home Equity Loans Vehicle Loans Auto Refinancing



Home Loans & Car Loans Search

Home Refinancing | Home Mortgages | Home Equity Loans & Line of Credit | Auto & Motorcycle Loans | Auto Refinance Loans
Home - Loans | About EchoBay Loans | Loan Advice | SitemapCredit Report Help CenterDefinition Dictionary


Copyright© 2008, EchoBay Loans Company
Mortgage Refinancing Home Loans Home Equity Loans Auto & Motorcycle Loans Auto Refinancing Credit Reports