21 Übersetzungen
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Anwendungsbeispiele Englisch
- 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. Most commonly, term lengths are five or seven years.
- As with other types of loans, mortgages have an interest rate and are scheduled to amortize over a set period of time, typically 30 years.
- The fully indexed rate is always listed on the statement, but borrowers are shielded from the full effect of rate increases by the minimum payment, until the loan is recast, which is when principal and interest payments are due that will fully amortize the loan at the fully indexed rate.
© dict.cc English-German dictionary 2024
Enthält Übersetzungen von der TU Chemnitz sowie aus Mr Honey's Business Dictionary (nur Englisch/Deutsch).
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