Balloon Amortization Sureties For Tax Purposes In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00425BG
Format:
Word;
Rich Text
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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.
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This handbook includes sections of the Texas Constitution and civil statutes on property taxation and administration. It offers a repayment loan program to landlords who lease to lowincome household, with the purpose of making needed improvements and preserving.A balloon loan is a short-term loan that does not fully amortize over its term.