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Mortgage Professor about balloon payment mortgage: | |||||||||||||||||||||||
Detail on Single-Lender Mortgage Web Sites
Summary Rankings of Web Sites, January 12, 2005 Rank URL Score Rank URL Score 1 Amerisave.com 47 2 Eloan.com 46 11 Countrywide.com 25 3 Mortgage.com (ABN ... more... 40-Year Loan or Modify the 30 and 15? November 8, 2004 Is the 40-Year Mortgage a Useful Instrument? I don't think so. While 40-year mortgages increase affordability by reducing the mortgage payment, the reduction is very modest. Furthermore, a small tweaking in the 30-year mortgage would accomplish the same thing, ... more... |
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balloon payment mortgage related definitions |
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Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... Graduated Payment Mortgage, GPM Graduated Payment Mortgage, GPM A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it. A mortgage that has lower payments initially (with potential ... more... |
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More about balloon payment mortgage How To Save Money On Your Mortgage Mortgage Glossary - A Glossary of Mortgage Terms You Should Know A Critical Guide to Home Loans: Your Options and How They Affect Your Future Balloon Or Reset Mortgage Loans - Understanding The Basics Mortgage Terms Explained Home Loans: To Substantiate Financial Possibilities On Your Land Mortgage Loan - Beware Balloon Payments Home Mortgage Loans - Fixed Rate, Adjustable or Balloon, Which One Is Right For You? Mortgages: Encouraging Stronger Personal Economic Growth Investment Real Estate -- A New Twist: Be the Bank, Not the Landlord, and Get Rich Without the Work!
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