Jo Dorner

Real Estate Glossary

balloon mortgage
A mortgage that requires payment of the entire outstanding balance at the end of a specified term. A loan may be paid off at a twenty year rate, for example, but at the end of ten years, the remaining amount would have to be paid in total.
bill of sale
Written documentation of a sale. For example, such documentation is often used if an item of value is sold to generate funds for a down payment.
bridge loan
The mortgage financing that takes place between the termination of one loan and the beginning of another.
buy-down
A mortgage financing technique in which the seller or builder makes a payment to the lender. This reduces payments for the buyer for a fixed number of months.
Jo Dorner, R(S)
Lowson & Associates
991 Limahana Place
Lahaina, HI 96767
Local: (808) 276-9015
Email: Jo@JoDorner.com
Lowson Logo
Mailing Address
Jo Dorner, R(S)
P.O. Box 998
Lahaina, HI 96767
Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design