It is a help when tracing your family history to know something about the origin of and evolution of Irish names and particularly how names have changed over the centuries.
Repayment mortgage. With repayment mortgages you pay the interest and part of the capital off every month. At the end of the term, typically 25 years, you should manage to have paid it all off and own your home.
Balloon mortgages are short-term mortgage loans that usually are due and payable within five to 10 years. The payments are calculated as if the balloon mortgage had a longer term of 15 to 30 years. This creates lower monthly mortgage payments but leaves a lump-sum payment when the shorter balloon mortgage term ends.