http://www.dxal.net/the-field-of-finance/ Health, Finance, Science and Technology! Thu, 05 Jan 2012 22:50:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.dxal.net/the-field-of-finance/comment-page-1/#comment-13915 admin Sat, 18 Sep 2010 03:38:19 +0000 http://www.dxal.net/?p=13#comment-13915 What is the difference between a finance and a balloon finance? Traditional financing means your payments are the same every month for the life of the loan, e.g., $500. In balloon financing, your payments will be lower, except at the end; this will be several times higher. In such an arrangement, your payment may be $350, but your final balloon payment might be $7000. What is the difference between a finance and a balloon finance?
Traditional financing means your payments are the same every month for the life of the loan, e.g., $500.
In balloon financing, your payments will be lower, except at the end; this will be several times higher. In such an arrangement, your payment may be $350, but your final balloon payment might be $7000.

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