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.

 

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Pam Shockey, Broker Assoc., CLHMS, e-PRO
Keller Williams Southwest
Direct 281-435-9808 or 281-778-8566

Pamshockey@siennaparkwayrealty.com
contact pam
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