What is another word for balloon mortgage?
Pronunciation: [bəlˈuːn mˈɔːɡɪd͡ʒ] (IPA) 
A balloon mortgage is a type of loan that allows homeowners to make small payments for a certain period before making a large payment at the end. However, this type of mortgage can be risky because the homeowner may not be able to make the final payment, leading to foreclosure. To avoid such risks, other types of mortgages can be considered, such as a partially amortized mortgage, a bridge loan, or a hybrid mortgage. These mortgages often have lower interest rates and require small regular payments for a set amount of time before the full payment is due, making them more affordable for homeowners.
