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payment on mortgages

См. также в других словарях:

  • Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …   Wikipedia

  • Payment Shock — The risk that a loan s scheduled future periodic payments may increase substantially. Payment shock can be the result of several things, including the expiration of an initial or temporary start interest rate (sometimes known as a teaser rate),… …   Investment dictionary

  • Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment …   Wikipedia

  • Low-Down Mortgages — Mortgage programs which require a minimal down payment. Most low down mortgages require a down payment of between 3% 5% of the property value; however, some lenders have programs for 100% financing (or 0% down payment). Low down mortgages are… …   Investment dictionary

  • Nontraditional Mortgages — A broad term describing mortgages that do not take the traditional form. A traditional mortgage would require a relatively high initial down payment of about 25% and 25 year payment schedule with an interest rate that is compounded on a monthly… …   Investment dictionary

  • Level Payment Mortgage — A type of mortgage that requires the same dollar payment each month or payment period. Level payment mortgages allow borrowers to know exactly how much they will have to pay on their mortgages each pay period. This stability makes it easier for… …   Investment dictionary

  • 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

  • Balloon Payment — An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Balloon… …   Investment dictionary

  • Down payment — (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing… …   Wikipedia

  • E-commerce payment system — An e commerce payment system facilitates the acceptance of electronic payment for online transactions. Also known as a sample of Electronic Data Interchange (EDI), e commerce payment systems have become increasingly popular due to the widespread… …   Wikipedia

  • E-commerce payment systems — One of the main requirements in e commerce is the ability to accept a form of electronic payment. This form of electronic payment is referred to as financial electronic data interchange (FEDI). FEDI has become increasingly popular over the last… …   Wikipedia

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