balloon payment in a sentence
Examples
- And then, when the prospect of the $ 18 million balloon payments began drying up, he turns into Samuel Gompers.
- The abuses included final terms different from those initially discussed, high interest rates, prepayment penalties, balloon payments or other conditions.
- Besides costly fees and interest rates, subprime loans often include terms like prepayment penalties, costly credit insurance and balloon payments.
- Accept $ 1 million up front, $ 200, 000 a year and a final balloon payment of $ 3.4 million.
- Reality : Kemp signed a contract extension in 1994 for the balloon payment, acknowledging he wanted security over bigger money.
- Typically mortgage lenders will have a balloon payment clause in the contract that will charge a fee for early payment.
- If they underestimate the number of students, schools struggle to meet expenses until the state catches up with a balloon payment.
- As if overpaying Charles Smith wasn't bad enough, they threw long-term money to Starks and a huge balloon payment to Oakley.
- _Banning negative amortization ( in which the principal grows ), balloon payments before seven years and higher-interest penalties after a default.
- What the homeowner gets is frequently higher debt because of high interest rates and fees and " impossible balloon payments ."