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Quite simply, a balloon payment is a lump sum payment that is attached to a loan. The payment, which has a higher value than your regular repayment charges, can be applied at regular intervals or, as is more usual, at the end of a loan period.
balloon payment definition: the final large sum of money paid at the end of a loan period: . Learn more.
A long-term loan, often a mortgage, that has one large payment (the balloon payment) due upon maturity. A balloon loan will often have the advantage of very low interest payments, thus requiring very little capital outlay during the life of the loan.
The proposal, which gives the industry until March 30 to comment, would expand the definition of "small" banks and credit. and prolong small creditors‘ exemption from curbs on balloon-payment loans.
The Senior Bank debt of $120.4 million has a 5 year maturity with a 10 year amortization schedule and a balloon payment at maturity. Liabilities I bolded the items contained within the definition.
What are Balloon Payments? A balloon payment is a type of loan in which small installments are paid during the period of the loan and a final big repayment is done at the end. This final payment because of its large size is called a balloon payment.
Balloon Payment Definition: The Balloon payment is the final amount paid against the loan and is much higher than the regular monthly installments. simply, the lump sum amount attached to a loan which has to be paid (generally at the end of the loan period) to extinguish the loan is called as a balloon payment.
The CFPB will disclose the Qualified Mortgage Rules in early 2013. The QMR will affect the availability and price of mortgage loans. A tight definition. balloon left the need for tighter regulation.
Definition of balloon payment in the Definitions.net dictionary. Meaning of balloon payment. What does balloon payment mean? Information and translations of balloon payment in the most comprehensive dictionary definitions resource on the web.
Specifically, those with negative amortization loans, pre-payment penalties or balloon payments-many of the problematic. Association is seeking to include interest-only loans in the definition but.
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