Promissory Note With Balloon Payment Template In Nevada
Category:
State:
Multi-State
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.
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Set loan terms with larger payments at the end. Obtain a Nevada promissory note template to establish loan terms, such as the principal amount, interest rate, and repayment obligations.The Nevada Secured Promissory Note Template is a blank legal document that is designed for use in the State of Nevada. If interest is charged, the rate should be included with a repayment schedule. Our collection of printable promissory note templates makes it easy to draft and customize agreements for all your financial needs. Here's the information you'll need to have handy to complete your secured promissory note, installment with balloon final payment.