Home > Terms > English, UK (UE) > Balloon mortgage
Balloon mortgage
A mortgage loan that requires the remaining principal balance be paid at a specific point in time. For example, a loan may be amortised as if it would be paid over a thirty year period, but requires that at the end of the tenth year the entire remaining balance must be paid.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Real estate
- Category: Mortgage
- Company:
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- Acronym-Abbreviation:
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