Balloon Loans Ardmore OK

Looking for Balloon Loans in Ardmore? We have compiled a list of businesses and services around Ardmore that should help you with your search. We hope this page helps you find Balloon Loans in Ardmore.

Bank of the West - Ardmore
(800) 488-2265
321 N. Commerce
Ardmore, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
International Bank of Commerce - Ardmore North Branch
(956) 722-7611
2302 12th Ave., N.W.
Ardmore, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.25 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Chase - May & Memorial Banking Center Branch
(877) 682-4273
13805 North May Avenue
Oklahoma City, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Bank of Oklahoma - Edmond 15th & Bryant Branch
(405) 216-2800
1400 East 15th Street
Edmond, OK
Hours
mon: 09:00 - 16:00
tue: 09:00 - 16:00
wed: 09:00 - 16:00
thu: 09:00 - 16:00
fri: 09:00 - 18:00
sat: closed
sun: closed
ATM Fees
monthly fee: Monthly service fees range from $0 to $15.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.00 fee each time you use a non-affiliated ATM. You can avoid this fee by using any Transfund Network ATM or ATMs at QuickTrip gas stations.
Surcharge fee: Surcharge-free ATM access is available at all Transfund Network ATM locations.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Arvest Bank - 71st St Branch
(800) 874-1827
6560 E 71st St
Tulsa, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $16.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
International Bank of Commerce - Ardmore Branch
(956) 722-7611
313 W Broadway
Ardmore, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.25 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
American National Bank
(580) 226-6222
1901 N Commerce St
Ardmore, OK

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Arvest Bank - Brookside Branch
(800) 874-1827
3409 South Peoria Avenue, Suite 1
Tulsa, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $16.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Bank of America - May Avenue Motorbank Branch
(800) 432-1000
2950 West Britton Road
Oklahoma City, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
International Bank of Commerce - Edmond Branch
(956) 722-7611
1812 E. 15th St.
Edmond, OK
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.25 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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What Are Balloon Loans?

Answer:
A balloon loan is described as type of loan in short-term

mortgage. It is usually compared to fixed-rate mortgage
since both share similar features. 
 
For
instance, a loan provides the creditor a specific amount as payment, for the specific term in the entire loan. On the other hand, it is not like a fixed-rate loan. A balloon mortgage does not amortize in the original term. This type of loan involves many maturity categories.

While most borrowers would get mortgages, they acquire loans that are set to be fully repaid in a specific period of time. This span of time is known as loan term.
 
A balloon loan has a loan term like other types of mortgages. However, the monthly payments made by the borrower may not be enough to repay the entire loan. This is the reason why a lump-sum payment should be paid at the end of the entire loan term, which primarily consists of the outstanding principal amount. 

Moreover, balloon loan s extend longer, about 5 to 7 years, which may vary on the installment payments made and the remaining principal balance. In the mortgages, the final point of a loan term is referred to as the maturity. 

While the greatest disadvantage of having a balloon loan is the lump-sum at the end of the loan term, there are also advantages. Balloon loan s usually carry lower interest payments which may allow the borrower to hold on to some cash over the set loan term. 

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