Interest

What is the meaning of Balloon Payment?

November 30, 2017

A Balloon Payment is a huge sum which is to be paid at the end of the balloon loan like a mortgage, commercial loan and even an amortized loan. It can be a part of both a fixed and flexible interest rate regime. In a balloon loan, only a...

What is Amortization?

November 27, 2017

Amortization refers to repayment of debt via periodic instalments in stipulated time. Almost all buyers and investors in real estate buy properties on loans which are supposed to be repaid within the given time in form of regular instalments. Latter also includes part of the principal amount and the...

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