👉 The "mortgage with balloon payment" phrase is quite funny when used casually. Imagine you're going to a fancy house and decide to take out a loan for the property, but then end up paying off your balance every 3 months (or whenever you can) instead of monthly.
For instance: Say: "I want to buy that new house... but I need a mortgage with a balloon payment." Example sentence: "You're going to have to pay me back with a balloon payment on that loan, and it's going to be the first month! You owe me $50,000."
