Our current balloon mortgage comes due in August.

Back then most mortgages were what we today call balloon mortgages, with relatively short repayment periods.

If it is a "balloon mortgage," payments are often applied only to interest.

Another slightly risky course is a balloon mortgage, which the borrower amortizes, or pays off, as if it were a 30-year mortgage.

The novel riffs (often in blank verse) on everything from balloon mortgages to thong-wearing suburban moms.

"If you have a balloon mortgage, it's a nightmare!"

Additionally, balloon mortgages are becoming due on profitable investments and are not being renewed by lenders.

The Spanos have absorbed politics by the same osmosis that children raised in real estate families pick up the intricacies of balloon mortgages.

This loan is a five-year balloon mortgage, which means that the Clintons will have to refinance, or pay back the entire amount, in five years.

The reason is that most buildings were financed with short-term "balloon" mortgages - most commonly requiring full payment in five years.