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What can be done if a corporation can not pay the balloon payment when the loan is due?
Wiki User
∙ 8y ago
If it cannot get the loan refinanced, then the lender could file a lawsuit and/or (if secured by collateral) take the collateral.
Wiki User
∙ 8y ago
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How would a balloon payment effect interest on a loan?
how would a balloon payment effect interest on a loan
What is a balloon payment?
A balloon payment is a large, lump sum payment made either at specific intervals, or more commonly, at the end of a long-term balloon loan
How does a balloon payment calculator work?
The balloon payment calculator takes into account your balloon payments, or your large usually last payment of your loan, and meshes it with your current loan and additional payments.
Can you explain what a balloon payment calculator is?
A Balloon Payment is a large payment due at the end of a mortgage or loan period. Therefore, a Balloon Payment Calculator will help you to predict what you will owe on your Balloon Payment.
What is a loan with a balloon payment?
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What is Balloon Payment Calculator?
The Balloon Payment Calculator is a very fast and flexible loan calculator which also handles balloon payments.
What term refers to a large final payment due at the end of a loan?
Balloon Payment
What terms refers to a large final payment due to the end of a loan?
Balloon payment
What terms refers to a large final payment due at the end of a loan?
Balloon Loan
What is a loan that is amortized over 20 years but the balance of the loan is due and payable in 5 years?
Balloon Payment Loan
Balloon Loan Calculator?
Balloon Loan Calculator A balloon loan can be an excellent option for many borrowers. A balloon loan is usually rather short, with a term of three to five years, but the payment is based on a term of up to 15 years. There is, however, a risk to consider. At the end of your loan term, you will need to pay off your outstanding balance. This usually means you must refinance your loan or convert the balloon loan to a traditional loan at the current interest rates.
What is meant by balloon mortgage in Anchorage, AK?
Regardless of location a balloon mortgage is when you have a large final payment at the end of the loan period.
