GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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00:00 Jul 17, 2002 |
French to English translations [PRO] Bus/Financial / mortgage contract | |||||||
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| Selected response from: Adam Deutsch Local time: 00:22 | ||||||
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Summary of answers provided | ||||
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5 | Concept: Mortgage Term |
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3 | not including the interest-only period |
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not including the interest-only period Explanation: The "période d'anticipation" of a loan appears to be an initial phase after the loan is granted during which interest only is paid (ie., no principal). Following the "période d'anticipation" comes the amortization period. The link below defines this concept. Reference: http://www.astuce-credit.com/index.cfm?page=lexique&lettre=p |
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Concept: Mortgage Term Explanation: Sounds like some kind of balloon mortgage where you pay off a chunk at the end. See glossary below. the period d'anticipation is the mortgage term ie the amount of time it takes to pay off the mortgage in full. In the early years of pay off, you are paying interest mostly, then you are paying principal. www.royalbank.com/buyingahome/mortgagebasics/bh_yourmrtgecs... Check out this glossary: www.homeowners.com/dictionary.html mortgage terms &hl=en&ie... -------------------------------------------------- Note added at 2002-07-17 01:24:47 (GMT) -------------------------------------------------- Mortgage term Versus Amortization Period |
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