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Real Estate Glossary
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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.



Wailea Point Realty, Inc.

2439 S. Kihei Road,
Suite 201B
Kihei, Maui, Hawaii 96753

Dave Wagner (RB), Principal Broker
Judy Gray (RB), Broker-in-Charge
Renee Zaima (RB)
Julie Parker (RS)
Holly Lynn Tolosko (RS) ABR

TOLL FREE: 1-800-853-3518
Phone: (808) 879-7233
Fax: (808) 879-5199
Email: realty@waileapoint.com