Note With Balloon Payment In Maricopa
Category:
State:
Multi-State
County:
Maricopa
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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It includes a complete history from the first payment forward. Call or fill out this form.Generally, a balloon note has a fixed rate and a term of 5, 7, or 10 years. Acceptable forms of payment to this court are: Cash, Credit Cards (Visa, Master Card, Discover, American Express), Money Orders and Checks. Can be used for traditional installments or balloon payment. As a new member, you will have certain expectations from the club.