Texas Bankruptcy Laws

Fitch Takes Ratings Actions on 8 SAMI Mortgage P-T Issues (Business Wire via Yahoo! Finance)   Fitch Ratings has taken ratings actions on the following Structured Asset Mortgage Investments issues:read more...


The Sky Is The Limit When Planning Your Home Theater  What is a home theater? Is it a $300 theater-in-a-box product one can pick up at a local retail store, or is it the construction of a sophisticated room in


Norwell attorney denies stealing client cash  Attorney Gerard Battista was on the air every Sunday, offering estate planning advice on local radio station WATD.read more...


Allentown mortgage broker charged in fraud scheme (Reg Req'd)  An Allentown mortgage broker is charged with fraud for allegedly falsifying documents to give mortgages to unqualified borrowers, the U.S. Department of Justice announced Thursday.read more...


Priest's Murder Posted On YouTube  "Diets don't work; if you want to lose weight and keep it off, you have to make a lifestyle change." The man convicted of killing a pedophile priest may


Rising Mortgage Rates and Creative Lending May Help Borrowers, says LoanPage.com (PRWeb via Yahoo! News)   Mortgage rates are at their highest level in 10 months, and lenders are getting more creative in order to attract borrowers. While these creative options may pique borrowers' interests,

January 10th, 2008

Balloon Payment

¿ A large, lump-sum payment on a loan, most often due at the end of a payback period, such as five or 10 years. Essentially, these loans do not fully amortize over the term of the note. If the monthly payments were interest-only, for example, the balloon payment could be equal to the original loan.

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