balloon mortgage

bal·loon mort·gage

B b

Definitions of balloon mortgage words

countable noun balloon mortgage A balloon mortgage is a mortgage on which the repayments are relatively small until the large final payment. 3
noun balloon mortgage A balloon mortgage is a mortgage in which you make small payments over a period of time and repay the balance in one large final payment. 3

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A common word. It’s meaning is known to most children of preschool age. About 91% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

This diagram is provided by Google Ngram Viewer

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