Add Yahoo as a preferred source to see more of our stories on Google. what is a balloon mortgage? Mention a balloon mortgage, and you might picture a house soaring through the sky, lifted by a bunch ...

Balloon mortgages are not uncommon when purchasing a single-family home, but here’s what you need to know about the nontraditional route. There are many types of mortgages; however, a balloon mortgage ...

For the everyday homebuyer, balloon mortgages are a relic of the past — and for good reason. This type of mortgage was widely used in the lead-up to the 2008 financial crisis, leading to strict ...