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self-amortizing mortgage
(redirected from Self Amortizing Mortgage)

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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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7 million and was financed with a 20 year self amortizing mortgage, at a rate of 6.
In general, this debt consists of long-term, self amortizing mortgages, the characteristics of which somewhat diminish refinancing and repricing risk.
Approximately 57 percent of the initial principal balance are self amortizing mortgage loans and the remainder are balloon loans.
 
 
 
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