Fully Amortizing Payment


Definition of "Fully Amortizing Payment"

Beverly Richardson
  Charles Rutenberg Realty Inc.

The monthly mortgage payment which, if maintained unchanged through the remaining life of the loan at the then-existing interest rate, will pay off the loan at term.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Disability, Partial

Inability of the insured to perform one or more of the important daily duties of that insured's occu ...

Gross Domestic Product (gdp)

Measurement of the nominal value of all goods and services produced in a one year period. This produ ...

Underwriting Factors: Life Insurance

Factors on the application that must be evaluated in order to complete the underwriting process: ag ...

Sinking Fund

Money set aside to pay for losses. Rather than buy insurance coverage for all potential losses, some ...

Venue

Geographic location where a court action and trial takes place. The legal proceedings should occur i ...

Land Banking

The practice of acquiring land for a future use. For example, a franchising company is projecting ra ...

Related Real Estate FAQ

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is A Lien?

A lien is a claim against a property. ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers How To Sell Your Home How To Get A Loan with Bad Credit What is Earnest Money Home Prices - The Extra Costs

FAQ

What is an appreciation? What is a commitment letter? What do I need to know about Universal Life Insurance? What is a treasury index? What is homeowners insurance?