Fairway Asset Corporation - MORTGAGE DICTIONARY

Morgage Dictionary

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There are currently 5 names in this directory beginning with the letter B.
Balloon Mortgage
A short-term mortgage with small monthly installments and a large lump sum due at the end of the loan term. Balloon mortgages may be payment free or they may require interest-only installment payments.

Blanket Mortgage
A single home loan used to provide financing for multiple properties, such as rental units.

Bridge Loan
A short term loan taken out against one property to finance the purchase of a new property.

An individual in the business of assisting in arranging funding or negotiating contracts for a client but does not loan the money themselves. There is usually a fee charged or commission for their services.

A financing technique in which money is paid upfront to temporarily reduce a loan's interest rate and lower the monthly payment.