What is the mean by Balloon payment in real estate?

If you are searching for the meaning of Balloon payment in real estate and also a definition of the Balloon payment,  then this blog post is helpful for you

Definition

A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn’t cover. Many states prohibit balloon payments in loans for goods or services that are primarily for personal, family or household use, or require the lender to let you refinance the balloon payment before forcing collection.