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 day when couples get laid and singles get drunk/angry at the world and their creator for not letting them find true love.
Boyfriend..
1.
Excessively hairy/furry snatch. Often moplike, care should be taken to avoid what might be crawling around in it (use a hat while using ..
1.
Got fired from work.
Referring to the popular reality tv series "The Apprentice". and Donald Trumps catch phrase "Your ..
