It established the Federal Home Loan Bank and associated Federal Home Loan Bank Board to assist other banks in providing funding to offer long term, amortized loans for home purchases.
12.
The number weighted average of the times of the principal repayments of an amortizing loan is referred to as the weighted-average life ( WAL ), also called " average life ".
13.
The Government of Ontario and the Government of Canada each provided $ 1 million in funding, with the remaining $ 1.5 million being provided via an amortized loan from Infrastructure Ontario.
14.
The two basic types of amortized loans are the fixed rate mortgage ( FRM ) and adjustable-rate mortgage ( ARM ) ( also known as a floating rate or variable rate mortgage ).
15.
The recast principal balance cap ( also known as the " neg am limit " ) is usually up to a 25 % increase of the amortized loan balance over the original loan amount.
16.
Even though the co-op could have chosen a fully amortizing loan, it elected to take a 10-year balloon loan instead _ which means that the unpaid principal is due in full after 10 years.
17.
An amortizing loan should be contrasted with a bullet loan, where a large portion of the loan will be paid at the final maturity date instead of being paid down gradually over the loan's life.
18.
Finally, Winter said, now is an ideal time for co-op boards that have been carrying loans on which they pay only interest, not principal, to consider converting to self-amortizing loans, thereby ensuring eventual elimination of the debt.
19.
Lenders'standards for determining risk categories may also consider the size of the proposed loan, and also take into account the way the loan and the repayment plan is structured, if it is a conventional amortized loan, a credit card limit or some other arrangement.
20.
Now the chairman and chief executive of the Shorenstein Co ., among the nation's largest and oldest privately held real estate firms and San Francisco's dominant commercial landlord, Shorenstein, 45, still eschews newer gadgets when he has to analyze amortized loans and figure internal rates of return.
