Significant Amortization: The pool has a weighted average amortization term
The interest on the debt is 90% swapped over the 19-year amortization term
Initially, servicers provided relief via expansion of amortization term
--on average, the amortization term
was approximately 3 percent longer for modified loans overall.
The lender must show that the homeowner is benefiting from the new loan - by either reducing the size of the monthly payment, reducing the interest rate, reducing the amortization term
or changing to a more stable loan (fixed rate vs.
717 100 10 1,000 The formulas used to calculate the amounts in the table are: A = PMT (Note rate, remaining amortization term
, remaining principal) B = Note rate times beginning-of-year principal C = Original IRR times beginning-of-year basis (')D = D = Interest income minus stated interest = C - B C * = Stated interest + amortization = B + D * D * = Original net fee / original amortization term
(*) The original IRR is the internal rate of return corresponding to the cash flows in column A.
17 had required that the cost of intangible assets be amortized over the useful life of the asset, but set a maximum amortization term
of forty years, even for assets expected to provide service beyond that time.
Like a conventional loan, the Section 108 loan would have an amortization term
, but instead of making payments, the Town's loan is paid back once per year off the top of the entitlement.
A taxpayer faced with an IRS proposed adjustment seeking capitalization of ISO certification costs may want to negotiate a short amortization term