Constant Payment Loan

Definition of "Constant payment loan"

Loan mandating equal periodic payments to pay off the loan subsequent to the last payment.

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Related Real Estate Glossary terms

Pooled Income Funds

Separate trust established by a charitable entity whose purpose is to receive contributions from num ...

Asymmetric Risk Exposure

Gain when the underlying asset that moves in one direction is significantly different from the loss ...

Ps-58 Rate Table

Table used by the Internal Revenue Service (IRS) in evaluating split dollar life insurance plans as ...

Upstream Holding Company

Holding company formed by at least one stock insurance company. This holding company is owned by its ...

Annual Convention Blank

Same as term Annual Statement: report that an insurance company must file annually with the State In ...

Surety Association Of America (saa)

Association whose membership is composed of surety bonding companies. The association's primary purp ...

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What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

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Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

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RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

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What is a loan-to-value (LTD) ratio? What is depreciation? What happens when a property starts to depreciate? What is a qualifying ratio? What is homeowners insurance?