Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about mortgage monthly payment credit bank loan seller down 1 property: | ||||||||
Are Prepayments on a Balloon Loan Wise?
May 24, 1999 "I recently purchased a condominium financed by the seller at 5.5% interest over 34 years, with a balloon due in 10 years. Is it wise for me to make extra principal payments so that the balloon payment will be smaller, or should I invest my extra income ... more... Qualifying For a Mortgage December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... |
||||||||
mortgage monthly payment credit bank loan seller down 1 property 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... Second Mortgage, Home Equity Loan Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... |
||||||||
More about mortgage monthly payment credit bank loan seller down 1 property
You Can Bank Online Student Loan Consolidation Get Cash Now For Your Business Note Household Budget One A Month In Your Network Marketing Business! Real Estate Bubble? How to Profit in ANY Real Estate Market Secrets Your Banker Won't Tell You - Which Loan is Best for You? Business Credit Card Dirty Tricks Real Estate Tip: Escrow Accounts -- Do You Really Need Them? Life Insurance Basics
|
|
|||||||
|