When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   A balloon payment mortgage may have a fixed or a floating interest rate. The most common way of describing a balloon loan uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due. [4] An example of a balloon payment mortgage is the seven-year Fannie ...

3. What is a balloon mortgage? - AOL

   www.aol.com/finance/balloon-mortgage-152953219.html

   For instance, if you take out a 10-year balloon mortgage, the balloon payment is due once the 10 years have elapsed. ... as they don’t conform with qualified mortgage guidelines. Additionally ...

4. Types of Mortgage Loans: What Homebuyers Need To Know - AOL

   www.aol.com/types-mortgage-loans-homebuyers-know...

   The four types are general, temporary, small creditor and balloon-payment qualified mortgages. In addition to defining lending standards, these QM types determine what kind of institution can ...

5. What is an interest-only mortgage and how does it work? - AOL

   www.aol.com/finance/interest-only-mortgage-does...

   They are now considered non-qualified mortgages (non-QM loans) because they don’t meet the backing criteria for Fannie Mae, Freddie Mac or the other government entities that insure and ...

6. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Balloon payment mortgages have only partial amortization, meaning that amount of monthly payments due are calculated (amortized) over a certain term, but the outstanding principal balance is due at some point short of that term, and at the end of the term a balloon payment is due.

7. Interest-only loan - Wikipedia

   en.wikipedia.org/wiki/Interest-only_loan

   In the United States, a five- or ten-year interest-only period is typical.After this time, the principal balance is amortized for the remaining term. In other words, if a borrower had a thirty-year mortgage loan and the first ten years were interest only, at the end of the first ten years, the principal balance would be amortized for the remaining period of twenty years.