If you’re considering choosing a balloon payment when financing a new car, you’re not alone. South African banks report that as many as a third of car loan customers are choosing the maximum balloon ...

More South Africans are turning to balloon payments to drive off in new cars with lower monthly instalments. But the deal comes with a catch. “Lowering your monthly repayments can help you to stretch ...

For the everyday homebuyer, balloon mortgages are a relic of the past — and for good reason. This type of mortgage was widely used in the lead-up to the 2008 financial crisis, leading to strict ...