Definition Balloon Payment

Lease Balloon Payment Balloon Payment Qualified Mortgage  · In general, a Qualified Mortgage priced at an interest rate below 1.5% above the apor receives “safe Harbor” status, the highest level of protection for compliance with the Ability To Repay Rule. A higher priced Qualified Mortgage that exceeds that rate but does not exceed 3.5% above the APOR, receives a rebuttable presumption of compliance, a lower level of protection.