Select an RSS feed from the list below

  • Top DailyHerald.com headlines
  • Top DailyHerald.com Sports headlines
  • Top DailyHerald.com Business headlines
  • Top DailyHerald.com Life & Entertainment headlines
Go

View the complete list of DailyHerald.com RSS links |

Subscriber Total Access Learn more
loading
Home Delivery Order Customer Service
Article posted: 2/11/2012 12:01 AM

Mortgage Professor: Balloon mortgages cause borrowers grief

About this Article

A balloon mortgage is one on which the outstanding balance is due at some point before amortization has paid off the balance in full. Aside from the repayment obligation, balloon loans are identical to standard fixed-rate mortgages.