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level payment mortgage

A mortgage requiring the same payment each month until full amortization. Also called a flat mortgage.

Related information about level payment mortgage:
  1. Level Payment Mortgage Definition | Investopedia
    A type of mortgage that requires the same dollar payment each month or payment period. Level payment mortgages allow borrowers to know exactly how much ...
     
  2. What is level payment mortgage? - BusinessDictionary.com
    Definition of level payment mortgage: Amortization of a mortgage loan through installments that remain constant over the loan term. At the beginning, almost the ...
     
  3. Level-Payment Mortgage: Definition from Answers.com
    Mortgage that requires the same payment each month or other period, for full amortization . See also direct - reduction mortgage ; flat.
     
  4. level-payment mortgage - Financial Dictionary - The Free Dictionary
    A mortgage note with periodic payments in equal amounts.Usually, a fully amortizing mortgage, with each payment including some portion for principal reduction ...
     
  5. What is level payment mortgage? - InvestorWords.com
    Definition of level payment mortgage: A mortgage requiring the same payment each month until full amortization. Also called a flat mortgage.
     
  6. What Is a Level Payment Mortgage?
    A level payment mortgage is a mortgage contract that is structured with a series of payments that are the same amount from one payment period to the next.
     
  7. level-payment mortgage Definition | Business Dictionaries from ...
    The level-payment mortgage at 6% interest, payable over 30 years, requires a $899.33 monthly payment for principal and interest . That payment will be ...
     
  8. level-payment mortgage - Business Definition
    level-payment mortgage definition: A self-amortizing real estate loan with fixed periodic payments. A portion of each payment covers interest, and the remainder ...