Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about installment note: | |||||||||||||||||||||||
Mortgage Prepayment Penalties
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... Penalties For Early Payment October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... |
|||||||||||||||||||||||
installment note related definitions |
|||||||||||||||||||||||
Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... Untitled Document Defereed Interest When a mortgage is written with a monthly payment that is less than required to satisfy the note rate, the unpaid interest is deferred by adding it to the loan balance. See negative ... more... |
|||||||||||||||||||||||
More about installment note Home Mortgage and Financing Terms Way To Establish A Good Line of Credit Tax Advantages In A Home Business Getting Raw Land, Not a Raw Deal! 5 Tips to Improve Your Credit Score California Bad Credit Loan - Focus on how to Raise Your Credit Score Credit Help for Real Estate Financing: Five Categories of Your Credit Score Federal Housing Administration (FHA) 10 Ways To Boost Your Credit Score Selling a Real Estate Note, Is Your Real Estate Note Saleable?
|
|
||||||||||||||||||||||
|