baloon mortgage - real estate - usa - This is a mortgage that is not fully amortized at maturity and thefore requires a lump sum to be paid at th end of the term. This lump sum is referred to as a ballon payment of th outstanding balance.
baloon mortgage - real estate - usa - This is a mortgage that is not fully amortized at maturity and thefore requires a lump sum to be paid at th end of the term. This lump sum is referred to as a ballon payment of th outstanding balance.