real estate terms glossary B

Real Estate Terms Glossary: B-Glossary Terms

Posted by on May 15, 2008 in real estate terms glossary B

Real Estate Terms Glossary: B-Glossary Terms balloon mortgage A mortgage loan that requires the remaining principal balance to be paid at a specific point at the end of a term. For example, a loan may be amortized as if it would be paid over a fifteen or thirty year period, but requires that at the end of the “specified term” the entire remaining balance must be paid. Which may be only 10 years. balloon payment The final lump sum payment...

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