Search Site

Home >>Mortgage Glossary >>Balloon Mortgage

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Balloon Mortgage

Print Page

Email Page

The term balloon mortgage refers to a mortgage that has a term in it that requires the mortgage to be paid off in full, or refinanced at an earlier point. For example, monthly payments are calculated on the basis of a 25 year mortgage, but there is a requirement to pay the entire amount off at an earlier set point. This may be useful for those who do not want to be tied to a mortgage on a long-term basis.

Back to glossary index

Online Mortgage Enquiry & Quote

Online Enquiry...

If you would like to receive a quote for a mortgage from an FSA regulated broker please
Click here...

Related Mortgage Services and help...

Mortgage Lenders

Mortgage Calculator

Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

Affordability Calculator

Mortgage News Feed

Mortgage Lenders Profile A-Z List

Find a mortgage lender whose name begins with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

View Full List...

Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...