self-amortizing mortgage

Self-amortizing mortgage

Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

self-amortizing mortgage

See fully amortizing loan.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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And, as with a self-amortizing mortgage payment, interest will be front-loaded.
government invented the long-term, self-amortizing mortgage by agreeing to insure and purchase such mortgages; it created a secondary mortgage-market, subsidized mortgages for new homeowners, and protected Depression-ravaged farm owners from foreclosure.
The financing was structured as a 15-year self-amortizing mortgage loan with the interest rate fixed for the entire term.
The loan was structured as a 15-year self-amortizing mortgage loan with the interest rate fixed for the entire 15-year term.