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.

Nationwide group of independent real estate brokers who cooperate together and share information re ...

Group of insurers or re insurers involved in joint underwriting. Members typically take predetermine ...

Money raised by a syndicate promoter and placed into a fund prior to selecting the specific property ...

All sources of cash flow, usually stated on an annual basis. ...

Modification in the amount of money involved for some justifiable reason. ...

Person covered by insurance under a blue cross or blue shield plan. ...

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

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

A deed is a legal document that conveys the title to a property. ...

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