A mortgage in which all principal is paid off in a specified period of time (often 15 or 30 years) through regular principal and interest payments. The advantage of such a mortgage is that the home-owner is not left with a large lump-sum at the end of the mortgage period. The disadvantage is that periodic payments are higher than if the mortgage simply covered the interest.
Related information about self-amortizing mortgage:
- What is self-amortizing mortgage? - InvestorWords.com
Definition of self-amortizing mortgage: A mortgage in which all principal is paid off in a specified period of time (often 15 or 30 years) through regular principal ...
- self-amortizing mortgage - Financial Dictionary - The Free Dictionary
Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments. Self-Amortizing Mortgage. A mortgage in ...
- self-amortizing mortgage Definition | Business Dictionaries from ...
mortgage in which all principal is paid off in a specified period of time through periodic interest and principal payments. The most common self-amortizing ...
- Self-Amortizing Mortgage: Definition from Answers.com
Self-Amortizing Mortgage Residential mortgage in which the loan is fully paid over a scheduled time period, usually fifteen or thirty years, through regular.
- What is self-amortizing mortgage? - BusinessDictionary.com
Definition of self-amortizing mortgage: Loan that retires itself with the regular payment of a fixed installment which covers principal and interest amounts.
- Debunking a popular myth about mortgage - Real Estate Research
Apr 5, 2012 ... As foreclosures skyrocketed, the New Deal invented the modern, long-term, self- amortizing mortgage. Kuttner is not an economist, but most ...
- Op-Ed Contributor - The Other Mortgage Crisis - NYTimes.com
Aug 11, 2010 ... It's not as if the 30-year self-amortizing mortgage has been around forever. In fact, it is a fairly recent invention. Before the 1930s, homes were ...
- FRB: Finance and Economics Discussion Series: Screen Reader ...
Jan 31, 2008 ... In a standard fixed-rate self-amortizing mortgage, the recurring .... The balance on a self-amortizing mortgage begins at the starting value of the ...