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a loan requiring periodic payments that include both interest and partial repayment of principal. |
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any loan in which the final payment is larger than the preceding payments. |
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difference between discount point and an origination fee? |
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charges made by lenders to adjust the effective rate of interest on a loan. |
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a % reflecting what a lender will lend divided by the sale price or market value of the property, whichever is less. |
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the expenses a lender incurs in processing a mortgage loan |
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a loan that begins with amortized payments but ends with a balloon payment. |
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a loan payment that combines principal, interest, taxes, and insurance. |
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private mortgage insurance |
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a private mortgage insurance source to insure lenders against foreclosure loss. |
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