Direct Reduction Mortgage (DRM)


Definition of "Direct reduction mortgage (DRM)"

Albert  Goodin real estate agent
Albert Goodin, Real Estate Agent Highlight Realty

A fully amortized mortgage necessitating periodic payments of both interest and principal. In the early years of the loan, the share of principal is smaller and the interest larger, a condition that gradually reverses as the end of the period approaches. The periodic payment may also consist of taxes and insurance.

 

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