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  • Profile photo of ChewyChewy
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    @chewy
    Join Date: 2002
    Post Count: 25

    Hi, I’m doing real estate finance in uni (if any of you get a chance to do it, take it! It’s really interesting).

    Anyway, one of the lecture slides went on to list the most common type of mortgages but I’m kinda lost on them. Could anyone explain each one to me please?

    FIXED RATE MORTGAGES
    Bullet, Dutch Interest (IO)
    Fully amortizing, level payment (FALP)
    Constant amortization (CAM)

    VARIABLE RATE MORTGAGES
    scheduled (GPM)
    interst indexed
    inflation indexed

    Thanks

    Martin

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