What is Neutron Bomb Loan?
1.
Any loan contract structured to place the borrower into a position where it is not possible to pay off the principle; a predatory lending contract or product designed to financially wipe out the borrower. Originated 2007 by Bill Purdy, a California lawyer representing homeowners with predatory lending claims.
An ARM (adjustable rate mortage), "interest-only", and a liar loan are examples of a neutron bomb loan.
See
Random Words:
1.
The vagina. Used in this one movie; oh, what is it... the Something Beach Memoirs. The main character, a young adolescent, used this t..
1.
(noun) An irrational impulse to google or otherwise use the internet to search for something completely impossible to locate on the
(v..
