Payment Cap


 

Home
Site Map
Add Term
Search
About Us
Contributors

Payment Cap

A maximum amount for a payment under an Adjustable Mortgage Loan, regardless of the increase in the interest rate. If the payment is less than the interest alone, negative amortization is created.



Payment Cap

Similar Matches

Balance of payments

Balance of payments

A country's financial position, with other countries of the world, which is made up of its current account and capital account (or capital movement) over a given period of time.The current account covers the balance of imports and exports.The capital account covers the difference between the capital which the country has invested in other countries, and the capital invested by other countries in it.


Mortgage payment protection insurance (MPPI)

Mortgage payment protection insurance (MPPI)

An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan.


Balance of payments

Balance of payments

A statistical compilation formulated by a sovereign nation of all economic transactions between residents of that nation and residents of all other nations during a stipulated period of time, usually a calendar year.


Prepayment penalty

Prepayment penalty

A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.


Overpayment

Overpayment

The difference between your regular monthly repayment and a higher amount that you choose to pay.


Further Suggestions

Payment holiday
Repayment term
Prepayment speed
Balance of payments deficit
Early repayment period
payment card
Additional principal payment
Payment default
graduated payment mortgage
clearing house interbank payment system
Repayment plan
Transfer payments
Deficiency Payment
Graduated payment
Deferred payment annuity
Balance of payments argument for protection
FHA prepayment experience
Prepayment penalty
Break even payment rate
Discount payment
Receive versus payment
Payment shock
PIK (Payment in kind) securities
prepayment fee
Balloon Payment


 
All rights Reserved. Do not copy without permission.