-
A long-term loan that
has one large payment (the balloon payment) due upon maturity
-
Often has the
advantage of very low interest payments, and smaller installments, thus
requiring very little capital outlay during the life of the loan
-
There may be
additional smaller payments at regular intervals before and/or after the
balloon payment
-
The balloon note can
be used for a mortgage loan and car auto loan with a balloon payment calculator
and a amortization schedule
|
|
|
|
AND For Your Total Legal
Protection, You will get these Additional forms
for FREE
1. Demand Note
2. Receipt
|
|
|
Location:
Total Package: 3 Forms |
|
|
