Note With Balloon Payment In Travis
Category:
State:
Multi-State
County:
Travis
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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Our Travis Quick-Pay service allows you to make a loan payment or credit card payment using a debit card, or your checking or savings account. A balloon payment is a larger than current one time payment at the close of the loan term.Programs are available to our members who turn to Travis for assistance. Our response to your request may take up to 72 hours. We are proud to accept Visa, MasterCard, American Express and Discover. The Loan Consultant feature determines the products and rates that match your needs. Please take a moment to answer the following questions. In addition to these payments, Moegling offered what he described as an "Equity kicker.