Bennie

Non-Amortizing Loan.

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A non-amortizing loan is a loan in which the borrower pays only the interest on the loan for a specified period of time, after which the entire loan is due. The advantage of a non-amortizing loan is that the borrower can lower their monthly payments by paying only the interest for a specific period of … Read more

Satisfaction of Mortgage.

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A satisfaction of mortgage is a document that proves that a mortgage has been paid in full and that the property owner is now free from the loan. This document is usually recorded with the county recorder’s office. How do you write a mortgage satisfaction? A mortgage satisfaction is a legal document that proves that … Read more