Balloon Loan
Definition of "Balloon loan"
Loan having the last payment either (1) more than twice the amount of any other payment, or (2) a payment arising from the lenders call provision. The term loan (or straight loan) is a form of balloon loan. See also balloon.
Popular Real Estate Terms
Timber in an original form, such as a pole. ...
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Estimated value of property after a specified time period. ...
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mortgage being reduced through periodic principal and interest payments. ...
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See historic structure. ...
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