Should You Opt for Balloon Mortgages? Worried about monthly mortgage payments because of an unstable income? Don’t worry- you can easily go for balloon loans, as they are specially designed for people who are unable to afford a fixed high monthly payment. There is quite a bit of flexibility because minimum payments are required during the repayment program only – it comprises just of interest and a small part of the capital. But the borrower needs to cancel the remaining capital at one go when … [Read more...]