Celebrating over 25 years of success!

Glossary

Search for glossary terms
Term Main definition
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

Funds paid at closing to reduce the interest rate for 2 to 3 years. A “2-1 Buydown” reduces note rate 2% in the first year and 1% in second year. Loan qualifies at first year rate.

Our Expert Team

Kirsten Paul Lydia Reddict Melanie Perry Anette Ignatzi Simone Rechmann Cigdem Thanhoffer Stephanie Pineiro

We are there for you!

Central Germany Central Germany

 +49 (0) 6021 – 458 6050

USA USA

 +1 (239) 344 - 9930