Balloon Release With Note In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
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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We did a balloon release. We wrote everything that s been holding us back.Students look up in the sky after they release balloons with messages. The note I tied to the balloon said this, "Life is tough, but so are you. Find a reason to smile today. It also suggests possible policy options to phase out intentional releases of balloons. Three balloons were sent up.