Loan Servicing - Wikipedia
Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal and escrow payments from a borrower. (FHA) or guaranteed by the Department of Veterans Affairs (VA)). ... Read Article
Balloon Payment mortgage - Wikipedia
A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. ... Read Article
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