Balloon Amortization Sureties With Interest In San Antonio
Category:
State:
Multi-State
City:
San Antonio
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
In the case of Balloon. A balloon payment is an extralarge payment on a loan.It's usually at least twice as big as your average monthly payment, and it can be even larger. This tool figures a loan's monthly and balloon payments, based on the amount borrowed, the loan term and the annual interest rate. This calculator computes the payment amount necessary for a mortgage with a balloon payment, using monthly interest compounding and monthly payments. • Located in the San Antonio city limits.