Glossaryselling

What is Balloon Payment?

A large lump-sum payment due at the end of a loan term, after a series of smaller regular repayments. Uncommon in standard Australian home loans but sometimes seen in commercial or vendor finance arrangements. The borrower either refinances or sells the property to cover the balloon.

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How to choose a selling agent

Interview process, the appraisal-price trap, and the listing agreement.

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