Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about loan amount: | ||||||||
Mortgage Payment Reduction Versus Rate Reduction
July 24, 2000 ?A lender in our area is promoting a biweekly payment program by claiming that the reduction in interest payments under the program is the equivalent of a reduction in interest rate. Can this be right?? Lenders promoting biweekly payment plans ... more... Tutorial on Selecting Mortgage Features Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... |
||||||||
loan amount related definitions |
||||||||
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... Loan Origination Fees Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more... |
||||||||
More about loan amount
Five Things To Check Out When You Apply For a Payday Loan How to Get a Secured Bad Credit Loan Simple Tips On Getting Your Loan How To Stretch Your Student Loan 9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan Loan Options for College Students Getting That Car Loan: Simple Interest Is The Best Low Interest Payday Loan - How To Figure Out The APR Of A Payday Loan Online Payday Loan Application - Speed Through The Process
|
|
|||||||
|