Define Balloon payment - Knox County Real Estate Questions & Answers

Realtor Jargon:
ARM (adjustable rate mortgage) -
A home loan with an interest rate that periodically adjusts to reflect changes in a specified financial index.

Balloon payment
The final lump sum payment due at the end of a balloon mortgage.

Click a link below for related topics

For a more indepth definition or explanation of Balloon payment and how it affects your real estate transaction, call me!