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 ...

Whether you finance or lease, you may have the option of a “balloon payment” at the end of the term. A balloon payment on a car is a large payment due at the end of the loan or lease term. Try This: 4 ...