An equated monthly instalment, which is at least double the amount of previous payments and is usually paid at the end of the repayment term, to clear the debt. Balloon payments are more common in commercial real estate than in residential realty.
Balloon payment
Recent Podcasts
- Keeping it Real: Housing.com podcast Episode 79
- Keeping it Real: Housing.com podcast Episode 78
- Keeping it Real: Housing.com podcast Episode 77
- Keeping it Real: Housing.com podcast Episode 76
- Keeping it Real: Housing.com podcast Episode 75
- Keeping it Real: Housing.com podcast Episode 74
