Term | Main definition |
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Balloon (Call) Mortgage | Mortgage requiring a repayment of the outstanding principle balance prior to full amortization. |
Balloon Payment | When the final installment payment on a note is greater than the preceding installment payments and it pays the note in full. |
Bridge loan | Interim Financing where a lender may offer a loan on a current property and new property together in which they require the current property to be sold within a certain amount of time and the equity is used to pay off the loan. |
Buydown |