Guinness, Ireland's dark, velvety meal in a glass, is launching a significantly lighter, blonder version of itself in a bid to try and appeal to American palates. Next month, US beer stores will begin stocking the Guinness Blonde American Lager, pitched as the Americanized version of the iconic Irish stout.
What is a balloon payment? Quite simply, a balloon payment is a lump sum payment that is attached to a loan. The payment, which has a higher value than your regular repayment charges, can be applied at regular intervals or, as is more usual, at the end of a loan period.
A typical balloon mortgage has an initial term of 5 or 7 years before the balloon payment is due, although lenders can set the term from 1 to 25 years. Some lenders require interest-only payments during the term of the loan, while others require payments that pay towards both the interest and principal.