Balloon Note Example In Phoenix - Promissory Note - Balloon Note
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A Balloon Note is a Promissory Note that has one large payment (the balloon payment) that is due upon maturity. A balloon note will often have the advantage of a very low interest rate, thus requiring little capital outlay during the life of the loan. The major problem with such a loan is that the borrower needs to be self-disciplined in preparing for the large balloon payment due when the loan matures. Of course refinancing the note upon maturity is always a possibility.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
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Borrower promises to make a single, final payment for the entire balance owed to the Payee on or before. A Promissory Note with Balloon Payments is a loan contract that enables a lender set loan terms with one or more larger payments at the end.Dentist, Dental Hygienist or Denturist License Application. The Arizona State Board of Dental Examiners' Initial License Application is available below. Here's the information you'll need to have handy to complete your secured promissory note, installment with balloon final payment.