Sentences with phrase «year amortization where»

Not exact matches

If your goal is to find a cost effective balance, you should determine the sweet spot where each payment pays down more principal than interest (25 years or lower amortization) and invest the money you would have put against the mortgage into a higher yield option.

It's similar to the amortization schedule where it's the same periodic payment for the longer of 5 years or 59 1/2.

No interest - only payments, no negative amortization payments where principal increases, and terms should not exceed 30 years.

Where the loan product includes a loan feature that may cause the loan balance to increase, the disclosure required by § 1026.37 (a)(10)(ii)(A) is preceded by the time period that the borrower is permitted to make payments that result in negative amortization (e.g., «2 Year Negative Amortization»), followed by the loan pamortization (e.g., «2 Year Negative Amortization»), followed by the loan pAmortization»), followed by the loan product type.