All > Business > Finance > Personal Finance > Mortgage

• Loans in which periodic payments of principal and interest are scheduled over the life of the loan. Self-amortizing loans provide more opportunity for homeownership by allowing these scheduled payments, as opposed to large balloon payments at maturity (the end of the loan term).

  Federal Housing Finance Agency, Office of Inspector General - Cite This Source - This Definition
  ×

  Cite Definition for Self-Amortizing Loans

  American Psychological Association (APA)

  Self-Amortizing Loans. (n.d.). Federal Housing Finance Agency Glossary of Terms. Retrieved February 8, 2023, from website: http://www.expertglossary.com/definition/self-amortizing-loans.

  Chicago Manual of Style (CMS)

  Self-Amortizing Loans. fhfaoig.gov. Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. http://www.expertglossary.com/definition/self-amortizing-loans (accessed: February 8, 2023).

  Modern Language Association (MLA)

  "Self-Amortizing Loans." Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. 8 February. 2023 http://www.expertglossary.com/definition/self-amortizing-loans.

• Browse Related Terms: Adjustable-Rate Mortgage (ARM), amortization, balloon mortgage, Convertible ARM, Debarment, Fixed-Rate Mortgage (FRM), Interest-only mortgage, Lock-In, Lock-in agreement, Mortgage life insurance, Negative amortization, Payment Cap, Right of rescission, Self-Amortizing Loans, Swap, term, Weighted Average Life (WAL)