Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

a repayment of the outstanding principal sum made at the end of a loan period, interest only having been paid hitherto

Highlighted phrases

balloon payment



the payments are amortized over forty years, to keep them low, but are scheduled on a thirty-year payback, meaning the homeowner had to have 120 months of cash at the end of the mortgage to cover the remaining debt (a so-called "balloon" payment)

on the subprime mortgage crisis

—p.182 From the Rise of Finance to the Subprime Crisis (151) by Geoff Mann
notable
6 years, 8 months ago