Julia Vakulenko

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SUN CITY CENTER, FL

343 SIENA VISTA PL, SUN CITY CENTER listing
  • $289,000
  • 2 Beds
  • 2 Baths
  • 1,966 Sq.Ft.

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A balloon payment is a final payment you make on your mortgage loan that is much larger than the monthly payments you have made on the loan up until that time. The year in which the balloon payment is made is called the balloon year. A balloon payment occurs when a loan is amortized over a longer term than the loan rate.

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