balloon mortgage

English - English

Definition of balloon mortgage in English English dictionary

A short-term mortgage in which small periodic payments are made until the completion of the term, at which time the balance is due as a single lump-sum payment

Hyphenation

bal·loon mort·gage

Turkish pronunciation

bılun môrgıc

Pronunciation

/bəˈlo͞on ˈmôrgəʤ/ /bəˈluːn ˈmɔːrɡəʤ/