Best Funding Home Loans :: The Loan Process - Balloon Payment

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The Loan Process

Below is a list of commonly used terms in the Mortgage industry.

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Annual Percentage Rate (APR)

Balloon Mortgage

Balloon Payment

Cash-out Refinance

Closing Cost Item

Community Property

Effective Gross Income

Home Equity Loan

Balloon Payment

The final lump sum payment that is made at the maturity date of a balloon mortgage.