Definition of "Balloon payment"

Sherwanda Del Castillo real estate agent
Sherwanda Del Castillo, Real Estate Agent Divine Realty

Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump sum at the end of the loan term.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Real Estate Terms

Popular Real Estate Questions