| 0 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
Level Payment Mortgage
Any mortgage that provides for a fixed sum of money to be paid periodically during the term of the loan.
Part of that fixed payment is credited to interest and the balance of the payment is used to reduce the principal of the loan.
NEXT: Leverage