R J Foster, Realtor®
R J Foster, Realtor®
(316) 258-2670 Direct
(877) 330-9477 Fax
KS Broker Lic# BR00039462
R J Foster & Associates, LLC
Serving Sedgwick, Butler, Harvey & Sumner
"A Better Way To Buy & Sell Real Property"
Real Estate Glossary

  Balloon Mortgage

A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.

 

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