– In such a case with a balloon mortgage, they can reapply for a resetting or refinancing of their loan balances. There is a catch.
· A balloon payment is a large payment due at the end of a balloon loan, such as a mortgage, a commercial loan, or another type of amortized loan. A balloon loan is typically for a relatively short.
Few takers among car buyers for balloon payment loan scheme – hence the term balloon payment. Dennis Khoo, head of personal financial services for Singapore at UOB, said that aside from traditional car loans in the market today, the UOB HP50 is "a new and.