Exam term
Balloon payment
A large final loan payment. Its presence alone does not establish predatory lending.
Lessons that use this term
- General financing concepts: interest, amortization, points, and loan-to-value California
- Types of loans: fixed, adjustable, junior, seller-carried, and all-inclusive California
- Promissory notes and real estate securities California
- Buying mortgaged property (subject to, assumption) and other types of financing Florida
- Types of mortgages and loans New York
- RESPA, ECOA, mortgage fraud, and predatory lending Texas