Glossary of Real Estate terms used by Baja Real Estate Group's website.
There are 367 Real Estate entries in this glossary. Complete with definitions.All
Term
Definition
- Balloon Loan or Mortgage
-
A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.



