![]() ![]() ![]() ![]() ![]() ![]() |
||
Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage Professor about baloon payment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... When Will Extra Payments Reduce Monthly Payments? 4 April 2005 "I am looking for a loan on which, whenever I make an extra principal payment, my monthly payment immediately declines. Is there such a thing?" The only mortgage that works that way is one on which the payment is interest-only. Not all interest-only ... more... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
baloon payment related definitions |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Baloon Mortgage
Baloon Mortgage Baloon Mortgage is usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the ... 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... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
More about baloon payment Three Quick Steps To Getting A Mortgage After Bankruptcy Eight Ways to Consolidate Debt Should You Pay Off Your Mortgage Early? Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch Your Down Payment and Your Mortgage Buying a House After Bankruptcy - Things To Consider From Debt to Financial Freedom Save Money on Your Mortgage Loan Stop Losing Thousands of Dollars Every Day: Six Tips For Creating Wealth Tips For Getting A Low Downpayment
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|