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What is the purpose of a loan modification?
A Loan Modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower. This could result in: * reduction in interest rate, or a change from a floating to a fixed rate, or in how the floating rate is computed * reduction in principal * reduction in late fees or other penalties * lengthening of the loan term * capping the monthly payment to a percentage of household income * mortgage forbearance program
Why does my principal payment fluctuate?
Your principal payment may fluctuate due to changes in interest rates, the length of your loan term, or any additional payments you make towards the principal balance.
What is a straight term mortgage?
When you pay the the interest in the beginning and later pay the principal
Term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?
Lien is the term
How do you calculate the monthly principal payment on a loan?
To calculate the monthly principal payment on a loan, you can use the formula: Monthly Payment Total Loan Amount / Loan Term in Months. This will give you the amount of principal you need to pay each month to gradually pay off the loan over the specified term.
What does the term principal reduction mean?
it means that you are reducing the amount of your original loan on the principal of your property....it's usually the amount less interest paid monthly that you are reducing.........thus the principal is reduced by that amount
What does the term ISI mean when use with a child abuse charge?
for the charge of child abuse ISI (principal), what does that mean? what is the ISI and principal for?
What does Smize for the camera mean?
"Smize For The Camera" Is a term from tyra banks, It Means Smiling For Your Eyes.
When banks is about to collapse?
There are many things that make a bank collapse. First indicator is that short term assets don't cover short term liabilities. Reduction in dividends paid may indicate a weakness. Significant stock price drop.
Which term describes a reduction?
manipulation
What is the term for a reaction in which a substrate gains electrons?
gain of electrons = reduction
What does the french term avante mean?
Principal TranslationsavantprepbeforeavantadjforwardAdditional Translationsavantadjfrontavantadjonwardavantadvprioravantnm(Sports) Sports, footballforwardavantnmfrontavantnmforefrontavantnmnauticalforeavantnmbowavantprepprevious toavantprepprior toavantprepereavantpreptimebeforeavantprepnot later thanby
What does the term slump in trade mean?
A sudden dip in demand for the goods involved. A general slump means there is an overall reduction in trade.
What is the medical term of the reduction of organ?
hypoplasia
What does the greater than sign mean in music?
An extended closed angle bracket ( > ) indicates a reduction in volume of a section of music. The Italian term diminuendo(alternatively, decrescendo) refers to a reduction in amplitude of a particular section or passage.
What is the old term for a principal?
Headmistress or Headmaster
What is the old term for the principal?
Headmistress or Headmaster
