What is a balloon loan?

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Asked 2/12/2012 6:29:13 PM

Updated 4/3/2015 4:31:56 PM

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Flagged by alfred123 [4/3/2015 2:25:18 PM], Edited by Andrew. [4/3/2015 4:31:56 PM]

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User: What is a balloon loan?

Question

Asked 2/12/2012 6:29:13 PM

Updated 4/3/2015 4:31:56 PM

1 Answer/Comment

Flagged by alfred123 [4/3/2015 2:25:18 PM], Edited by Andrew. [4/3/2015 4:31:56 PM]

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alfred123

A balloon loan is a type of loan which does not fully amortize over its term.

Added 4/3/2015 2:25:15 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [4/3/2015 4:31:57 PM]

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