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.
When a girl spontaneously makes out with a guy who is chewing gum and then afterwards ends up with the gum in her mouth. This is reall..
1.
A fat, slow walking dumbass that waddles like a penguin through the school halways.
That fat ass hallway blocker could keep an entire s..
