![]() ![]() ![]() ![]() ![]() ![]() |
||
| Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|
|||||||||||||||||||||||
| Mortgage Professor about house amortization: | |||||||||||||||||||||||
|
Can I Live Off My House?
November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... Borrower Guide to Adjustable Rate Mortgages September 29, 2001 Most borrowers who take adjustable rate mortgages (ARMs) need them to qualify for the loan they want. Because the initial rate on ARMs is usually lower than the rate on fixed rate mortgages (FRMs), these ... more... |
|||||||||||||||||||||||
house amortization 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... Amortization Amortization Means loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Fixed rate 30 year mortgage is fully amortized in 30 years loan. Some ARM loan products ... more... |
|||||||||||||||||||||||
|
More about house amortization Refinance Your House Location, Location - NOT! Individual Voluntary Arrangements. IVA Should You Use a Lease/Purchase (Rent to Own) Approach to Sell or Rent Your Home? He Said, She Heard: Communication Meltdown within Relationship A Personal Mortgage Experience Homebuyer's Loan Guide Buying Your First Home After Marriage Before Selling Your Home How To Find A Good Realtor To Help You Through the Home Buying Process
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||