Real Estate Glossary



  Balloon Mortgage

A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.

 

[ Back To Real Estate Glossary ]

THE SCHACHTE COMPANY
PROVIDING PROFESSIONAL REAL ESTATE SERVICES IN THE CHARLESTON AREA FOR MORE THAN 130 YEARS.


Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu