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Balloon loans can be attractive to short-term borrowers because they typically carry a lower interest rate than a loan with a longer term. However, the borrower must be aware of refinancing risk and/or the risk that the loan will reset at a higher interest rate.
Some balloon loans, such as a five-year balloon mortgages, have a reset option at the end of the five-year term that allows for a resetting of the interest rate (based on current interest rates) and a recalculation of the amortization schedule based on a remaining term. If a balloon loan does not have a reset option, or frequently even when it does, it is expected that the borrower will sell the property or refinance the loan before the end of the original loan term.
фр.prêt ballon; prêt à coupon unique
исп.préstamo balloon; préstamo amortizable en su mayor parte al vencimiento
заем «воздушный шар»
Порядок погашения такого займа предполагает, что каждая последующая выплата больше предыдущих. Иногда этим термином обозначают схему, согласно которой весь заем выплачивается заново по наступлении срока погашения. Французский термин prêt à coupon unique имеет отношение только к последней ситуации.