Fully Amortizing definition
Fully Amortizing means a Pick-a-Payment mortgage loan in which the Borrower’s Monthly Payment fully covers the interest accrued and due that month, as well as paying a portion of the principal balance such that the balance of the loan should be paid in full at the expiration of the term of the loan if all Monthly Payments are made when due.
Fully Amortizing means fully amortizing Mortgage Loan; except that such Mortgage Loan may have a payment due at its maturity in excess of its scheduled Monthly Payment.
Fully Amortizing means the process of evaluating what payment of the principal and
Examples of Fully Amortizing in a sentence
Stratification By Remaining Stated Term (Fully Amortizing Loans Only) Remaining % of Agg.
Each Designated Receivable that is a Temporary Interest Free Receivable is an Equal Payment Fully Amortizing Receivable and has an interest free period ranging up to 12 months after its applicable Cutoff Date.
Fully Amortizing 20,516.24 Actual/360 4.28000% 0.09363% 4.18637% 1 3/1/2027 NAP NAP 56 NCB ▇▇▇-▇▇▇-▇▇▇ West 11th Street Owners Corp.
Each Designated Receivable that ----------------------------------- is a Temporary Interest Free Receivable is an Equal Payment Fully Amortizing Receivable and has an interest free period ranging up to 12 months after its applicable Cutoff Date.