Definitions for

**"Balloon Note"****Related Terms:**Balloon payment, Balloon, Balloon payment mortgage, Balloon loan, Prepayment, Amortization, Amortized loan, Installment note, Amortize, Straight note, Balloon payments, Repayment schedule, Additional principal payment, Partial payment, Payoff, Amortization schedule, Pre-payment, Balloon mortgage, Debt service, Amoritization, Remaining term, Deferred interest, Negative amortization, Loan principal, Principal balance, Remaining balance, Balloon loans, Negative, Loan balance, Interest-only payment, Capitalized interest, Principal and interest, Installment, Bullet, P & i, Interest-only loan, Amortized mortgage, Capitalization, Graduated repayment, Interest only loan, Biweekly payment mortgage, Repayment, P&i, Capitalizing interest, Bi-weekly mortgage, Original principal balance, Prepayment privilege, Blended payments, Arrears, Amortization tables

same as balloon loan

A note that usually calls for a final payment greater than that of the regular periodic payments.

A mortgage that is amortized over a specific period of years, but requires a lump sum payment in full at an earlier date.

A loan which has a large payment due at the end of the loan period. Payments made during the loan term are typically smaller. An automobile lease is one form of a balloon note.

Periodic payments which are insufficient to complete the amortization of the face amount of the note prior to maturity. The principal amount known as a " Balloon Payment" is due at maturity.

A loan repaid in regularly scheduled payments with a typically larger balance due at maturity.

Loan which has a larger payment due at the end of the loan period than the payments made during the loan term.

A note calling for periodic payments which are insufficient to fully amortize the face amount of the note prior to maturity, so that a principal sum known as a "balloon" is due at the maturity.

A form of promissory note that calls for the minimum payment of principal and the payment of interest at regular intervals. This type of note requires a substantial final payment, which represents all the principal.

A note that calls for periodic payments that are insufficient to fully amortize the face amount (principal) of the note prior to maturity, so that a sum known as a "balloon" is due at maturity.

At the end of the loan term, some or all of the original loan amount is due and payable.

A partially amortized loan in which final payment is substantially larger than any of the previous payments on the loan.

A note calling for the principal sum, or a large portion thereof, (known as a "balloon") is due at maturity.

An amount left over after the term of the loan is past. The amount still owed on the property boughtâ€”a lump sum of money owed at the end of a loan.

A written promise to pay a balloon mortgage's full balance when it due.

At the end of the loan term, some of or the entire original loan amount is due and payable.

A long-term note or loan that has one large payment due upon maturity.

A promissory note with a final payment that is unusually large in comparison to the other payments, if any.

A form of promissory note requiring repayment of l... Add a comment

A partially amortized note.

A balloon note is a long-term loan, often a mortgage, that has one large payment (the balloon payment) due upon maturity. In addition, there may be additional smaller payments at regular intervals before and/or after the balloon payment. A balloon note will often have the advantage of very low interest payments, and smaller installments, thus requiring very little capital outlay during the life of the loan.