The final lump sum payment plus any accrued interest that is made at the maturity date of a balloon mortgage. Mortgages with a balloon payment may be lower for some time until the balloon payment comes due but this could result in having to pay a large amount at the end of a loan.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
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