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Payment Shock

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Payment Shock

A very large increase in the payment on an ARM that may surprise the borrower.

See Adjustable Rate Mortgage/How the Monthly Payment on an ARM Is Determined/Negative Amortization ARMs.

The term is also used to refer to a large difference between the rent being paid by a first-time home buyer and the monthly housing expense on the purchased home.

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payment cap
payment date
Payment float
Payment for Order Flow
Payment In-Kind
Payment Period
Payment Problems
Payment Shock
Payment System
Payment-in-kind (PIK) bond
Payment-In-Kind Bond
Payment-In-Kind Security
Payments Netting
Payments pattern
Payments System

Payment Point Online Bank
Payment Problems
Payment Processing Firm
Payment Protection Cover
Payment protection insurance
Payment protection insurance
Payment Protection Plan
Payment Protection System
payment rate
Payment recovery
Payment Reduction Program
Payment Required
Payment Research Data Base
Payment schedule
Payment Schedule Variance Report
payment service

Payment service provider
Payment service provider
Payment service provider
Payment Services Directive
Payment Services Providers
Payment Services Providers
Payment Settlement Message Notification
Payment Settlement Message Request
Payment Shock
Payment Solutions Company
Payment system
Payment system
Payment Systems
Payment Systems
Payment Systems for Credit Unions, Inc.
Payment terminal
Payment terminal

Payment terminal
Payment Terminal Security Program
Payment terms
Payment to Income
Payment transactions
Payment transfer
Payment With Order
Payment, Treatment or Operations
Payment-Equal-To-Taxes
Payment-in-kind (PIK) bond
Payment-In-Kind Bond
payment-in-kind security
payment-in-kind security
payments
payments
payments

Financial Dictionary

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