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.
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Random Words:
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a threatening boil like spot with erupting potential
a threatening boil-like spot with erupting potential..
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The act of lawling so uncontrollably that you wet your pants a little. Usually started when a noob does something stupid.
Adam and Jess..
