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Mortgage Professor about balloon payment: | |||||||||||||||||||||||
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... 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... |
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balloon payment 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... Deed of Trust Deed Of Trust In many states, this document is used in place of a mortgage to secure the payment of a note. Used in many states in lieu of a mortgage to secure the payment of a note. In a deed of trust there are three ... more... |
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