Word-of-the-Week: Balloon payment
Balloon payment – any final payment on a note greater than twice any of the prior six regularly scheduled payments.
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by Emily Kordys | Oct 20, 2020 | Real Estate, Video | 0
Balloon payment – any final payment on a note greater than twice any of the prior six regularly scheduled payments.
Read Moreby ft Editorial Staff | Aug 20, 2014 | Feature Articles, Finance, Real Estate | 0
This article discusses the use of special note provisions to protect the mortgage holder while providing flexible repayment options to the borrower.
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