skip payments

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• skip-payment privilege — A mortgage contract clause giving borrowers the right to skip payments if they are ahead of schedule. Bloomberg Financial Dictionary …   Financial and business terms

• Skip-Payment Mortgage — A mortgage program that allows the borrower to skip (not pay) a mortgage payment. Depending upon the specific lender, there is generally no charge associated with skipping a payment. However, the interest accrued over the skipped payment period… …   Investment dictionary

• Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

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• Online Banking ePayments — (OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers, specifically designed to address the unique requirements of payments made via the Internet.[1] Key aspects of OBeP which distinguish …   Wikipedia

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• Negative amortization — In finance, negative amortization, also known as NegAm, deferred interest or graduated payment mortgage, occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the… …   Wikipedia

• Reverse mortgage — A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and older in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner s …   Wikipedia

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