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Fully amortized
Fully amortized Fully amortized mortgages are paid in equal monthly installments, which include interest and amortization of principal, paid over a period of years. The interest is set at a predetermined rate and is charged only on the loan balance.
RELATED TERMS--------------------------------------
Interest
Money paid to a lender as compensation for money that is borrowed.
Amortization
Gradual payment of a debt through regular installments that cover both interest and principal.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Balance
The appraisal principle that states that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land.
SIMILAR TERMS--------------------------------------
Full disclosure
Revealing all known facts which may affect the decision of a buyer or tenant.
Full market value
In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value.
Full recourse
A loan on which an endorser or guarantor is liable in the event of default by the borrower
Full status
A full-status mortgage is available to those who have been successfully credit checked.
Full-service rent
An all-inclusive rental rate that includes operating expenses and real estate taxes for the first year. The tenant is generally still responsible for any increase in operating expenses over the base year amount.
Fullerton property
Property in Fullerton, USA. Apartments, flats, houses, offices and other property in Fullerton.
Fully amortized adjustable-rate mortgage
A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.
Fully diluted shares
The number of shares of common stock that would be outstanding if all convertible securities were converted to common shares
Fully-serviced lease
Lease in which rent includes coverages of operating expenses and taxes for the building.
PREVIOUS AND NEXT TERMS--------------------------------------
Full disclosure
Revealing all known facts which may affect the decision of a buyer or tenant.
Full market value
In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value.
Full recourse
A loan on which an endorser or guarantor is liable in the event of default by the borrower
Full status
A full-status mortgage is available to those who have been successfully credit checked.
Full-service rent
An all-inclusive rental rate that includes operating expenses and real estate taxes for the first year. The tenant is generally still responsible for any increase in operating expenses over the base year amount.
Fully amortized
Fully amortized adjustable-rate mortgage
A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.
Fully diluted shares
The number of shares of common stock that would be outstanding if all convertible securities were converted to common shares
Fully-serviced lease
Lease in which rent includes coverages of operating expenses and taxes for the building.
Functional obsolescence
Loss in value due to out-of-date or poorly designed equipment while newer equipment and structures have been invented since its construction.
Funding fee
A percentage of the loan amount charged on VA loans to provide for administrative costs.
This dictionary contains 6433 terms. |
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