"B" Listings - Mortgage Glossary
- Balloon Mortgage – Loan that features artificially low payments for a while-usually 3 to 5 years, with a large lump sum payment due...
- Balloon Payment – Large lump sum payment representing the balance of the mortgage loan...
- Bankruptcy – A legal proceeding in court to declare that the petitioner cannot pay his or her debts...
- Barrier to Entry – Requirements for entering the real estate profession or any given market. For agents and brokers...
- Base Rent – A set amount of rent which is used as the minimum rent in a lease with some provisions for increasing...
- Basis Point (BP) – The smallest measure used for quoting yields in the bond market is a basis point...
- Blanket Mortgage – A real estate mortgage loan that puts a deed of trust or mortgage note on multiple...
- Borrower Net Worth – Total current value of all the borrower's assets less liabilities...
- Borrower Type – The category that the borrower falls into. For example, the borrower could be a bank, a developer...
- Bridge Loan – A temporary loan that bridges the gap between a construction loan and a mortgage loan...
- Building Permit – A license issued by local government entities that allows construction to begin ...
- Buy Down – The practice of purchasing points so as to lower the interest rate...
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