Commercial Mortgage: 08/05/05

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Getting commercial mortgages for your clients – – Getting commercial mortgages for your clients Grasp what a commercial mortgage is and how it differs from a residential mortgage. Understand the information required to apply for a commercial.

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A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in commercial real estate.

© 2019 Fannie Mae Trademarks of Fannie Mae I-i Multifamily Selling and Servicing Guide Part I – Glossary 02/04/19 PART I – GLOSSARY. 1

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Commercial Property Loan Calculator. This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments – along with providing a monthly amortization schedule. This calculator automatically figures the balloon payment based on the entered loan amortization period.