Balloon Mortgage
A short term mortgage in which the mortgagee pays a large lump sum at the end of the term.
See also Deleverage and HELOC.
This bit of jargon has been viewed 6,017 times.
Home | Add Jargon | F.A.Q | About | Contact
© 2020 JargonDatabase.com
Jargon Database is sponsored by Profit Awareness - discover your best clients, and get rid of your bad ones (Check out out business practices blog here)
Jargon Database was built by the best web development agency in Atlanta Georgia - Digital Tool Factory
Thank you for supporting our advertisers.