You pay back the balance and the money is available again.A balloon mortgage is a short-term loan with a long-term repayment schedule.
It may also require a personal financial statement listing your assets and liabilities.Because the building could be leased out to tenants and generate a regular income, it has the inherent ability to eventually pay off the total cost of the original building project.In like manner, the toll bridge would eventually generate enough revenue to offset the initial investment.An individual could purchase a house with the intent of leasing the property and creating a monthly stream of revenue.Assuming a suitable tenant is found, the property begins to generate regular income.This is why you should allow one of our lawyers to settle SBA debt on your behalf Topics Reference Dictionary Term Of The Day Broker Reviews Latest Videos Guides Exam Prep Advisors Advisor Insights Our network of expert financial advisors field questions from our community.
Apr
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