balloon loan


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balloon loan

n
(Accounting & Book-keeping) a loan in respect of which interest and capital are paid off in instalments at irregular intervals
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has begun offering vehicle leasing in addition to their walk-away balloon loan program.
Auto Financial Group Inc, an online provider of innovative financing products for credit unions and banks, is providing vehicle leasing in addition to its balloon loan program.
The reconfigured site also features a wide array of financial tools, including calculators for: auto loans, compound savings, distribution savings, college savings plan, mortgage qualifier, mortgage payoff, basic loan payment, amortizing loan and balloon loan.
1 billion bank credit agreement make it, essentially, a balloon loan.
Conversion option--The conversion option is an additional protection for most ARM and balloon loan borrowers that permits them to convert the ARM into a long-term fixed-rate loan.
The predatory aspect comes in when the loan company fails to disclose that the loan is in fact a balloon loan, when people don't understand what they are signing, and they don't realize that after a period of time they will have to either come up with all of the money or lose a property which has substantially more value than the money they borrowed?
The taxpayers in Huntsman obtained a 3-year balloon loan to buy a home, later replacing it with a 30-year loan.
Points paid on refinancing of a short-term balloon loan
New delinquent assets in January consisted of only two term defaults, one matured balloon loan, and one credit impaired security.
2%) and a performing single tenant balloon loan (31%).
The balloon lending program provides institutions with a walk-away, residual based, balloon loan program that is fully insured.
2%) that was a non-performing matured balloon loan.