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Real Estate Glossary

Bullet Payment

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Written by Luis Escobar

This refers to the lump-sum payment or the final debt service payment that will repay all the remaining principal should the loan term exceed the amortization term. It may also be referred to as a balloon loan, and it is typically utilized in mortgage and business loans as it will help reduce monthly payments during the term of those loans.

This refers to the lump-sum payment or the final debt service payment that will repay all the remaining principal should the loan term exceed the amortization term. It may also be referred to as a balloon loan, and it is typically utilized in mortgage and business loans as it will help reduce monthly payments during the term of those loans.

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Luis Escobar

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