Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about Mortgage Balance: | |||||||||||||||||||||||
How Does Negative Amortization on a Mortgage Work?
September 15, 1998 Negative Amortization and Related Concepts Ordinarily, the mortgage payment you make to the lender has two parts: interest due the lender for the month, and amortization of principal. Amortization means ... more... How Would a Truly Flexible Mortgage Work? 6 September 2004 Payment Flexibility Under "Payment Power" describes Fannie Mae's Payment Power program. It allows a borrower to skip up to 2 mortgage payments in any 12 month period, and up to 10 over the life of a loan. A skipped payment results in an additional ... more... |
|||||||||||||||||||||||
Mortgage Balance 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... Wraparound Mortgage Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... |
|||||||||||||||||||||||
More about Mortgage Balance Selecting the Right Mortgage for You Refinance Your Home to Payoff Debt: Pros & Cons Prepaying Your Mortgage? Read This Before You Do! Save Money on Your Mortgage Loan Mortgage Loan Basics: Interest Only Loans, Pay Option ARM What is the 1% or 1250% Mortgage Interest Rate All About? Home Mortgages: How About Those 1.75% Loans? New Credit Advice: Don't Pay off Those Credit Cards! Mortgage Protection Life Insurance - Understanding The Basics Lower Mortgage Payments Increase Wealth
|
|
||||||||||||||||||||||
|