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Simple English definitions for legal terms

self-liquidating mortgage

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A quick definition of self-liquidating mortgage:

A self-liquidating mortgage is a type of loan where the borrower pays both the interest and a portion of the principal in each payment. By the end of the loan term, the borrower will have fully repaid the loan. This is different from other types of mortgages where the borrower may have to make a large lump-sum payment at the end of the term. Self-liquidating mortgages are also known as amortized mortgages.

A more thorough explanation:

A self-liquidating mortgage is a type of amortized mortgage where the borrower pays both the interest and a portion of the principal in each periodic payment. By the end of the mortgage term, the borrower will have completely repaid the loan. This type of mortgage is also known as an amortized mortgage.

For example, if a borrower takes out a 30-year self-liquidating mortgage for $200,000 at a fixed interest rate of 4%, their monthly payments will be calculated to pay off the loan by the end of the term. Each payment will include a portion of the principal and interest, with the amount of interest decreasing as the principal is paid down.

This type of mortgage is beneficial for borrowers who want to ensure that they will completely pay off their loan by the end of the term. It also allows borrowers to build equity in their home over time.

self-killing | self-murder

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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