Guinness, Ireland's dark, velvety meal in a glass, is launching a significantly lighter, blonder version of itself in a bid to try and appeal to American palates. Next month, US beer stores will begin stocking the Guinness Blonde American Lager, pitched as the Americanized version of the iconic Irish stout.
What is a balloon payment? Quite simply, a balloon payment is a lump sum payment that is attached to a loan. The payment, which has a higher value than your regular repayment charges, can be applied at regular intervals or, as is more usual, at the end of a loan period.
An example of a balloon payment mortgage is the 7-year Fannie Mae Balloon, which features monthly payments based on a 30-year amortization. In the United States, the amount of the balloon payment must be stated in the contract if Truth-in-Lending provisions apply to the loan. balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.