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Although it is possible for a financing contract to involve a balloon payment for a non-real estate related loan, the most common usage of a balloon payment is related to a home mortgage.How these types of payments occur depends on the type of loan.
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Jeff Koons will testify under oath in a lawsuit over the non-delivery of an $8-million sculpture. – The lawsuit stems from the deal silver struck with the gallery: he would purchase the not-yet-completed Koons sculpture.
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How to Get Out of a Balloon Car Loan | Car Loans | IFS – When the final payment is due, you have three options to get out of a balloon car loan. You have to pay, refinance the final payment, or you can roll the payment into a new auto loan on another vehicle. Most IFS customers choose to refinance their final payments because it saves time and frees up your cash.
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Although a balloon mortgage may offer the most favorable borrowing terms at first, you could be forced into selling a rehabbed house in a down market or on unfavorable terms. Be sure that you can complete and sell the investment property before the balloon payment comes due.
Euroseas Ltd. (ESEA) CEO Aristides Pittas on Q1 2019 Results – Earnings Call Transcript – As you can see from the chart on the left part of the slide, we do not give any balloon payments this year or next year and we have quite low debt repayment. Our next balloon payments are not.