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Late payment
A payment a lender receives after the due date has passed.
Related Terms
Notice of default
Late charge
Payment cap
Shingle style
Additional principal payment
Standard payment calculation
Low-down-payment loan
Graduated-payment mortgage (GPM)
Balloon payment
Negative amortization
Interest-only loan
Annuity
Fixed installment
VA loans
Draw
Grace period
Trade equity
Acceleration clause
Down payment
Amortization tables
Leverage
Cap
Escrow payment
Interest rate caps
Bankruptcy
Balloon loan
Federal Housing Administration (FHA)
Prepaid interest
Escrow analysis
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