balloon

(redirected from balloon loan)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
References in periodicals archive ?
As such, the HELOC is essentially an interest-only balloon loan during the revolving state.
1990), rev'g 91 TC 917 (1988), the taxpayer was allowed to deduct in the year paid the points paid in obtaining a permanent loan used to pay off a short-term balloon loan.
This includes the defeased loan, the performing balloon loan, and the specially serviced REO.
Fitch said that only three new delinquencies were reported in the month, including a matured balloon loan, a newly credit impaired security, and a credit risk mezzanine loan that was repurchased at par by the asset manager.
Auto Financial Group, based in Houston, developed DrivingSense to provide an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members.
David says the original balloon loan has now expanded to $18 million "plus another $250,000 in interest charges each month.
Increased Credit Union Signings Indicate Balloon Loan Program Success
Two Performing Loans: One balloon loan is defeased with a March 2020 maturity date (26.
BANKING AND CREDIT NEWS-April 10, 2013--Auto Financial upgrades balloon loan program(C)2013 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-April 10, 2013--Auto Financial upgrades balloon loan program(C)2013 M2 COMMUNICATIONS http://www.
Download capability gives servicers a tool to focus on and resolve key reconciliation issues such as loans not reported, balloon loan maturity dates and ARM changes.
Given a 30-year amortization schedule, only about 5 percent of a seven-year balloon loan will be paid off by the end of the seventh year.