George and Katherine (Cookie) Erickson
George and Katherine (Cookie) Erickson
888-879-8041 or (352) 293-2685
Real Estate Professionals, Ltd
The follow through Real Estate Company!

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Real Estate Glossary

  Balloon Mortgage

A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.

 

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