Interest Only Promissory Note With Balloon Payment In Nassau
Category:
State:
Multi-State
County:
Nassau
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
Here's the information you'll need to have handy to complete your unsecured promissory note, interest-only with balloon final payment. Here's the information you'll need to have handy to complete your secured promissory note, interest-only with balloon final payment.THIS IS A BALLOON MORTGAGE SECURING A VARIABLE (adjustable; renegotiable) RATE OBLIGATION. A single final balloon payment for the entire outstanding Principal amount and interest accrued will be paid on or before the day of. Deferral or balloon payment. 21. Set loan terms with larger payments at the end. O The offered certificates will represent beneficial ownership interests in the trust fund only. O Interest will be payable monthly, commencing in October 2000.