A mortgage requiring the same payment each month until full amortization. Also called a flat mortgage.
Related information about level payment mortgage:
- 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 ...
- 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 ...
- 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.
- 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 ...
- 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.
- 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.
- 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 ...
- 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 ...