Balloon Clause | Real Estate Glossary

Definition of "Balloon clause"

Dean Gaubatz

DG Home and Ranch

Provision in a mortgage that requires the final payment to be substantially more than all other payments.

A lender who offers mortgage loans directly to the public. ...

That part of a roof which projects beyond the sides of the building. The eaves keep rain overflow of ...

The person identified to receive the benefit of property held in trust. ...

Percentage that has an inverse relationship to the loss experience on the business brought in. For e ...

Exterior wall not supporting a load, mostly found in office buildings. ...

Describing automobile accidents that are considered to be the results of the negligent acts of the i ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

A title search is the process of reviewing court records and other records to ensure that there are ...

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

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