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.
Kenneth R. Leland Realty, Inc. 226 W. Fountain St. 1-507-373-9586 Fax: 1-507-373-9885 Toll Free: 1-888-373-9596 email: krl@lelandrealty.com Website: www.lelandrealty.com