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Late payment |
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Late paymentA payment a lender receives after the due date has passed.Late payment Similar MatchesFHA prepayment experienceFHA prepayment experienceThe percentage of loans in a pool of mortgages outstanding at the origination anniversary, based on annual statistical historic survival rates for FHA-insured mortgages. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. Payment holidayPayment holidayA short break from regular mortgage repayments, sometimes offered with flexible mortgages. This can sometimes be a useful feature for self-employed people or others with irregular income. Documents against paymentDocuments against paymentShipping documents that are released to the buyer once the buyer has paid for the draft. Repayment planRepayment planWhen a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court. Further SuggestionsPeriodic payment planGraduated payment Discount payment Skip payment privilege Zero prepayment assumption Prepayment penalty Repayment period Prepayments Early repayment period call payment Repayment mortgage Progress payments Lag response of prepayments European Payments Union Balance of payments deficit Balance of payments equilibrium transfer payments Balloon Payment Balance of payments argument for protection prepayment fee Overpayment maintenance payments Stop payment Transfer payment Deferred payment annuity |
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