self-amortizing mortgage

(redirected from Amortizing Mortgages)

Self-amortizing mortgage

Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments.

Self-Amortizing Mortgage

A mortgage in which the holder pays for part of the principal and the interest each month. A self-amortizing mortgage differs from an interest-only mortgage, in which the holder does not make principal payments over the life of the mortgage. An advantage of a self-amortizing mortgage is the fact that the holder does not have to make a lump sum payment of the principal at maturity (or refinance at a potentially higher interest rate). However, self-amortizing mortgages have higher monthly payments than other mortgage types.

self-amortizing mortgage

See fully amortizing loan.

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The loans included in this transaction are fixed-rate, generally 30-year term, fully amortizing mortgages, and were underwritten using rigorous credit standards and enhanced risk controls.
We carry out a similar analysis on a subsample of conventional fixed-rate amortizing mortgages.
While 40-year mortgages are amortizing mortgages, they spread the amortization over a longer period, so that in the initial years the portion of the payment dedicated to principal is lower than it would be with a 30-year mortgage.
The collateral for the S and W groups consist of conventional, one- to four-family, fixed rate, fully amortizing mortgages secured by first liens on residential properties.
The notes are backed by a pool of mortgage loans secured by first-ranking mortgage rights, fully amortizing mortgages on residential properties located in Portugal.
The collateral backing the bonds is made up of a pool of mortgage loans secured by first-ranking, fully amortizing mortgages on residential properties located in Spain.
Collateral for the notes is a pool of mortgage loans secured by first-ranking, fully amortizing mortgages on residential properties located in Spain.
The collateral backing the bonds consists of mortgage loans secured by first-ranking, fully amortizing mortgages on residential properties located in Spain.
The collateral backing the notes is a pool of mortgage loans secured by first-ranking, fully amortizing mortgages on residential properties located in Spain.
The notes are backed by a pool of mortgage loans secured by first-ranking, fully amortizing mortgages on residential properties located in Portugal.
The Anti-Predatory Lending Initiative -- a $2 million pilot program developed by Hibernia National Bank (NYSE: HIB); Fannie Mae (NYSE: FNM), the nation's largest source of financing for home mortgages; Neighborhood Housing Services (NHS); and the Greater New Orleans Fair Housing Action Center (FHAC) -- provides market-rate, fully amortizing mortgages to qualified homeowners who are in danger of losing their homes as a result of predatory-lending practices.
The certificates are secured by cross-collateralized and cross-defaulted, fully amortizing mortgages on two properties, Potomac Mills, located in suburban Washington, D.