Balloon Note Mortgage | Real Estate Glossary

Definition of "Balloon-note mortgage"

Partially amortized and requiring a lump sum (balloon) payment at maturity.

Income supplement program under Social Security to provide a minimum monthly income to aged, blind, ...

The lessee becomes a lessor by subletting the property to a third party. Typically, the sandwich lea ...

Liability insurance that provides coverage for the insured in the event the insured's negligent acts ...

Period allowed after date due for payment of rent, mortgages, etc. The 30-day period subsequent ...

Insurance company that underwrites and sells more than one line of insurance. ...

Legal entity that provides for ownership of property by one person for the benefit of another. The t ...

Earnest money is a deposit you make when you make an offer on a house. ...

Every person has a different idea of what financial security means. If so, should happen to you, how ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

A subdivision is a piece of land divided into several plots in which homes are built. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

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