Bradley and Holly Sheppard Owners
Bradley and Holly Sheppard
Owners
254.939.3585

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H.B. Sheppard Cen-Tex Properties
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Real Estate Glossary

  Balloon Mortgage

A mortgage that has level monthly payments that will amortize it over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.

 

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