Balloon mortgage

What is Balloon mortgage?

A mortgage with a fixed payoff date that has level monthly payments of principal and interest that do not fully amortize the loan as of the payoff date. The balance is due in a lump sum payment at a specified date, usually at the end of the term.

FREE Listing Alerts

Sign up today - it's FREE

Foreclosure Deals

Privacy Policy   |   Terms and Conditions of Service   |   © / 1999-2023. All Rights Reserved.