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Mortgage Professor about debt amortization: | |||||||||||||||||||||||
Why the New Interest in Interest-Only Mortgages?
NOTE: IF YOU WANT THE CRITICAL FACTS ABOUT INTEREST-ONLY WITHOUT ANY FRILLS, GO TO THE INTEREST-ONLY TUTORIAL. August 19, 2002 "In looking to refinance my existing mortgage, I've found some lenders offering "interest only" loans. One lender is offering an ... more... Adjustable Rate Mortgages with Flexible Payments 19 January 2004, Revised 15 February 2005, 1 August 2005 Flexible payment ARMs carry a variety of names in the marketplace: "1 Month Option Arm", "12 MTA Pay Option ARM," "Pick a Payment Loan", "1-Month MTA", "Cash Flow Option ... more... |
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debt amortization related definitions |
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Amortization
Amortization Means loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Fixed rate 30 year mortgage is fully amortized in 30 years loan. Some ARM loan products ... more... 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... |
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