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SUMMARY:Common Mortgage Types
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
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DESCRIPTION: 
Amortized
Adjustable and fixed-rate loans
Adjustable rate mortgages (ARM)

Variations in the structure of interest rate, term, payments, and principal payback produce a number of commonly recognized mortgage loan types. Among these are the following.
Amortized
Amortizing loan. Amortization provides for gradual repayment of principal and payment of interest over the term of the loan. The borrower's periodic payments to the lender include a portion for interest and a portion for the principal. In a fully amortized mortgage, the principal balance is zero at the end of the term. In a partially amortized loan, the payments are not sufficient to retire the debt. At the end of the loan term, there is still a principal balance to be paid off.
Negatively amortized loan. Negative amortization causes the loan balance to increase over the term. This occurs if the borrower's periodic payment is insufficient to cover the interest owed for the period. The lender adds the amount of unpaid...

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