Loan Term definition
Examples of Loan Term in a sentence
Loan Term and Amortization Type Numeric – Integer 3 99 Always >= 0 40 Index Type Specifies the type of index to be used to determine the interest rate at each adjustment.
Loan Term and Amortization Type Numeric – Integer 360 999 Always >= 60 29 Original Term to Maturity The initial number of months between loan origination and the loan maturity date, as specified on the mortgage note.
Loan Term and Amortization Type Date 20090914 YYYYMMDD Always “19010101” if unknown N/A 31 Interest Type Indicator Indicates whether the interest rate calculation method is simple or actuarial.
Loan Term and Amortization Type Numeric – Integer 60 999 Always >0 N/A 30 First Payment Date of Loan The date of the first scheduled mortgage payment to be made by the borrower as specified on the mortgage note.
Loan Term and Amortization Type Numeric – Integer 65 999 Always >= 0 and <= 100 Unknown = Blank; No Buy Down = 0 34 HELOC Draw Period The original number of months during which the borrower may draw funds against the HELOC account.