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Softer Select 4.0.1 Closing Disclosure Form Release Notes April 3, 20154800 Falls of Reuse Road, Suite 400 Raleigh, NC 27609 p (800) 8480143 f (919) 7558350 www.softprocorp.comTable of Contents Summary
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A balloon payment is a large payment due at the end of a loan or mortgage.
The borrower is required to make the balloon payment.
You can fill out a balloon payment by making the final lump sum payment at the end of the loan term.
The purpose of a balloon payment is to reduce monthly payments during the loan term.
The amount of the balloon payment, the due date, and any relevant terms of the loan.
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