JOHN PATRICK CURRY Real Estate Services
Word of the Day (WOTD)
Balloon Loan or Balloon Mortgage: a mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years. After that time period elapses, the balance i due or refinanced by the borrower. The balloon payment is the final lump sum payment due at the end of the ballon loan.
Four Reasons to Sell During the Holidays
