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Dec 16th, 2004 11:45 AM
Crimson Ghost A final payment of a mortgage loan is considerably larger than the required periodic payments if the loan amount was not fully amortized.

Home equity lines of credit are not fully amortized; the principal is not paid off over the life of the loan. These home equity lines of credit are set up for a "balloon payment". This is when the borrower has been paying only the interest, or some combination of interest and principal, and when the loan term expires the balance is due in full.

For example, if you borrow $15,000 and your monthly payments for 10 years have included only interest, you must pay $15,000 at the end of the term. You must be prepared to make this balloon payment by refinancing it with the lender, by obtaining a loan from another lender, by selling your home, or by some other means. If you are unable to make your balloon payment, you could lose your house.
Dec 15th, 2004 07:58 AM
Cosmo Electrolux I think this is the strangest thread I've ever seen.....
Dec 14th, 2004 03:26 PM
Helm He's around.
Dec 14th, 2004 03:22 PM
Rongi test
Dec 14th, 2004 12:31 PM
sadie loveline. :P
Dec 14th, 2004 07:25 AM
Cosmo Electrolux
Quote:
Originally Posted by The Damp Moose
We have some lovely time shares you might be interested in.
I saw where you IM'd me, but I had left it on at work....I wasn't ignoring you....
Dec 13th, 2004 09:23 PM
Evil Robot The D train will take you to rockaway beach, transfer is availible by bus to Jones beach.
Dec 13th, 2004 08:24 PM
The Damp Moose We have some lovely time shares you might be interested in.
Dec 13th, 2004 08:15 PM
Cosmo Electrolux I like the beach....and seafood......and drunken bonfires...
Dec 13th, 2004 04:24 PM
The Damp Moose Oh fuck I sound like Kelly
Dec 13th, 2004 04:16 PM
kellychaos I like ya kid. Ya gots moxy. Trust me, yer goin' places!
Dec 13th, 2004 04:03 PM
The Damp Moose Well, it all depends on how much money you're willing to spend.

We have a beautiful West Virginia package that I think would be more in your price range than say, the Gulf of Mexico. Two nights in a two star hotel, and a free continental breakfast.
Dec 13th, 2004 07:25 AM
Cosmo Electrolux maybe to the Gulf Coast? I could use a vacation
Dec 12th, 2004 09:43 PM
Anonymous Places.
Dec 12th, 2004 08:37 PM
Cosmo Electrolux Um...where is this thread going?
Dec 12th, 2004 06:30 PM
The Damp Moose No man, he's coping with life.
Dec 12th, 2004 12:39 PM
Black Flag yo, man! you're copin my style!
Dec 12th, 2004 12:07 PM
FS Teach boys it's wrong.
Dec 12th, 2004 06:01 AM
Cosmo Electrolux can you make large chested women throw themselves at me...and shower me with cash and fabulous prizes?
Dec 12th, 2004 03:11 AM
Evil Robot I can offer you year end cash back bonuses and low APR financing.
Dec 12th, 2004 02:54 AM
Cosmo Electrolux wha? :/

I am in school and I make a's....I quit smoking 8 years ago....I drink some, but I cut back on that too....Tony Robbins scares me.....I don't hit my children, but I would like to hit my wife....with a bat.

I just farted....
Dec 12th, 2004 02:51 AM
Evil Robot
Cosmo Electrolux

You are killing your mother. You are killing your family. Why did you do this to yourself? You should be back in school, you should be making straight A's. Please listen to my friend Tony Robins. He will never tell you what to believe, never. Weve had two people wuit smoking, weve had one person stop hitting his children, just please listen to my freind Kenny Loggins and take control one again.

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