Balloon Amortization Sureties With Interest In Alameda
Category:
State:
Multi-State
County:
Alameda
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
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.
Free preview
Form popularity
More info
Do you need help understanding your debt financing terms? This tool figures a loan's monthly and balloon payments, based on the amount borrowed, the loan term and the annual interest rate.These sources include the Operating Partnership's operations, its direct or indirect incurrence of indebtedness, and the issuance of partnership units. Special interest comes up we will try to allow proper time for it.