Definition of "Cumulative Interest"

Mary Ann  Mercer / Buyers Agent real estate agent

Written by

Mary Ann Mercer / Buyers Agentelite badge icon

Downing-Frye Realty, Inc.

The sum of all interest payments to date or over the life of the loan. This is not a good measure of the cost of credit to the borrower because it does not include upfront cash payments and it is not adjusted for the time value of money.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Mortgage Terms

A lender that holds the loans it originates in its portfolio rather than selling them. ...

A loan with no down payment. ...

The initial interest rate on an ARM, when it is below the fully indexed rate. ...

The total cash required of the home buyer/borrower to close the purchase plus loan transaction or the loan transaction on a refinance. Required cash includes the down payment, points and ...

The definition of a reverse mortgage is important for homeowners 62 and older who want to supplement their retirement income. What exactly is a reverse mortgage? Some say that it is the ...

The standards imposed by lenders in determining whether a borrower can be approved for a loan. These standards are more comprehensive than qualification requirements in that they include ...

A mortgage lender or mortgage broker. ...

A term that small lenders sometimes use to distinguish themselves from mortgage brokers. ...

A borrower who must use tax returns to document income rather than information provided by an employer. ...

Popular Mortgage Questions