Simple Interest Mortgage

0.01 sec.

A mortgage on which interest is calculated daily based on the balance on the day of payment, rather than monthly, as on the standard mortgage.

See Amortization/Simple Interest Mortgages.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
amortization Partial Prepayments Truth in Lending			A simple interest mortgage is a mortgage in which the interest is calculated daily rather than monthly as with a standard mortgage. Save A Fortune with A Simple Mortgage by Geri Mason / Real estate industry community Interest on a simple interest mortgage loan is charged to a borrower on the outstanding principal balance of the simple interest mortgage loan based on the number of days elapsed between the date through which interest was last paid on the simple interest mortgage loan through receipt of the borrower's most current monthly payment, and the portion of each monthly payment that is allocated to interest and principal is adjusted based on the actual amount of interest charged on such basis. Fitch Rates $165MM Ace Securities Corp 2005-SN1 by Business Wire			Signaling Approach on Dividend Policy signature elevator link Signature Guarantee Signature loan Signatures on Proxies Significant Influence Significant Order Significant Order Imbalance Sigtdokument silent partner silent second Silicon Valley Siliconaires Silo Silver Silver Certificate Silver Krugerrand Silver Parachute Silver Parachutes Simbolo de la accion SIMEX SIMPLE Simple Compound Growth Method simple interest Simple Interest Biweekly Mortgage Simple Interest Mortgage SIMPLE IRA Simple Linear Regression Simple Linear Trend Model simple loss payable clause simple majority Simple Moving Average Simple Prospect Simple Rate of Return SIMPLE Retirement Plan Simple Trust Simplified Employee Pension Simplified Employee Pension Plan Simplified Method simulate Simulation Simultaneous Death Act simultaneous death clause Simultaneous Transaction Sin calificacion Sin cambio Sin cupon Sin derechos de suscripcion Sin deudas Sin dividendo Sin fines de lucro			Simple Hierarchical Indexed Sequential Access Method Simple Hierarchical Ordered Planner Simple High Accuracy Guidance Simple Homomorphism Verification Tool Simple HTML Ontology Extensions Simple hyperplasia simple hypothesis Simple Image and Numeric Report Simple Image Service Simple Index of Crohn's Disease Activity Simple Indexing and Retrieval Simple Inexpensive Multilingual People's Computer Simple Input/Output User Exchange Simple Input/Output Window Simple Instance Creator Simple Instant Messenger Simple Instruction Set Simple Instruction Set Architecture Simple Instruction Set Chip simple integral Simple Interactive Object Extraction Simple Interdomain Bandwidth Broker Signaling simple interest simple interest simple interest simple interest simple interest simple interest Simple Interest Biweekly Mortgage Simple Interest Mortgage Simple Interest Rate Simple Interest Rate Simple Interest Rates Simple Interest Rates Simple Interference Simple Intermachine Protocol Simple Internet Protocol Simple Internet Protocol Plus Simple Internet Protocol Plus Simple Internet Publishing System Simple Internet Solutions Simple Internet Transition Simple Internet Version Control Simple Internet White Pages Service Simple IPod Video Encoder SIMPLE IRA simple job simple joint simple joint simple joint simple joint simple joint Simple K Nearest Neighbour Simple Kana to Kanji Conversion Program Simple Kernel Utility for Loading Localities Simple Key Internet Protocol Simple Key Loader Simple Key Management for Internet Protocols Simple Knowledge Organisation System Simple Labor

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.