A mortgage in which the monthly payments increase by a specific amount each year, with the "overpayment" applied to the principal.
A fixed-rate mortgage in which the monthly payments increase according to an agreed-upon schedule, with the extra funds applied to reduce the loan balance and loan term.
A fixed-rate mortgage that increases payments over a specified period of time. The payment increases are applied to the mortgage principal.
A fixed-rate mortgage that provides scheduled payment increases over an established period of time. The increased amount of the monthly payment is applied directly toward reducing the remaining balance of the mortgage.
A fixed-rate home loan in which payments are increased over a specified period, resulting in quicker payment of principal.
A loan in which the monthly payments increase annually, with the increased amount being used to reduce directly the principal balance outstanding and thus shorten the overall term of the loan.
A mortgage with a fixed interest rate which has periodic payments which increase at intervals, the added money per payment being applied directly to the outstanding principal on the mortgage.
Type of home loan whereby, even though a fixed rate of interest is locked-in, payments still, gradually, increase as time goes by. The advantage of this type of loan is that it allows for funds borrowed to be paid back in a shorter period of time, the average being 15 years.
A fixed rate mortgage that increases payments over a specific period of time. The extra funds are applied to the principal.
A mortgage loan in which the payment is increased by a specific amount each year, with the additional payment amount applied to principal retirement. As a result of the added principal retirement, the maturity of the loan is significantly shorter than a comparable level-payment mortgage.
A fixed-rate mortgage that involves scheduled payment increases over a specified period of time. The increased amount of the monthly payment is applied directly to the remaining principal balance.
A fixed rate mortgage in which scheduled payments will increase over a given time, applying the increased amount to directly reducing the balance of the mortgage.
A fixed-rate loan for which the monthly payments increase over a designated period of time, with the increased amount of the monthly payment being applied directly to the principal balance, thereby shortening the term of the loan
Fixed-rate mortgage where payment increase over a specific period of time with the extra funds being applied to the principal.