Commercial Loan Officer Question: Download Questions PDF
Do you know what is ‘balloon payment’?
Answer:
The ‘balloon payment’ is the final lump sum payment that is due. When the entire loan payment is not amortized over the life of the loan, the remaining balance is due as the final repayment to the lender. Balloon payment can occur within an adjustable rate or fixed rate mortgage.
Download Commercial Loan Officer Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Explain me what do you mean by ‘cheque endorsing’? | Please explain what do you mean by term ‘Loan Maturity’ and ‘Yield’? |