Balloon Amortization Sureties For Debts In Fulton
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State:
Multi-State
County:
Fulton
Control #:
US-00425BG
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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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144 In addition, repayment plans to secured creditors must provide equal periodic payments, which necessarily excludes balloon payments. Do you need help understanding your debt financing terms?Read the instructions before filling out this form. And pledged to the Treasurer of State to secure the repayment of all public monies deposited in the financial institution. We have audited the accompanying financial statements of Paulding County (the County) as of and for the year ended December 31, 2001. We have audited the accompanying financial statements of Paulding County (the County) as of and for the year ended December 31, 1999. Quarterly payments will be made through March 31, 2026, at which time a balloon payment of the outstanding balance will be due.