| If you want to keep the vehicle, you can simply pay off or refinance the outstanding balloon payment. |
| However, unless you stump up the balloon payment at the end of the agreement, you never own the car. |
| If the seller requests a balloon payment at the end of 5 years, what would be the amount of the balloon? |
| This is known as the minimum guaranteed future value or residual value, final or balloon payment. |
| Last year, when a huge balloon payment came due on the mortgage, Forest City walked away. |
| Home equity loans are usually fixed rate loans, but are also available as adjustable rate, interest only and balloon payment loans. |
