Note: The purchased version of this document includes a Loan Amortization Schedule Calculator (in Microsoft Excel format). Learn about Balloon Mortgage with ContractCounsel's Real Estate Term Glossary.Click here to learn more. Keeping an eye on real estate market trends helps borrowers anticipate changes in home values and interest rates. It should be noted that most qualified mortgage lenders rarely use balloon loans today aside from commercial real estate transactions. A balloon loan what it is it's essentially a term a certain duration of time and then it leads to a maturity date when the full loan amount is due.