During boom times, lenders often underwrite borrowers based on mortgage payments that are below the fully amortizing payment level.

If that happens, the next minimum monthly payment will be at a level that would fully amortize the ARM over its remaining term.

It was used to extend loans from shorter loans to fully amortized, longer term loans (typically 20-25 years).

The Balloon payment mortgage does not fully amortize over the term of the note, which leaves a balance due at maturity, known as a "balloon payment."

Fully amortizing securitizations are generally collateralized by fully amortizing assets such as home equity loans, auto loans, and student loans.

Prepayment uncertainty is an important concern with fully amortizing ABS.

Sometimes that jump is into predictable, fully amortizing payments.

They refinanced a 9 1/2 percent mortgage and got a 7 3/4 percent mortgage that is fully amortized (paid off) in 16 years.

A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.

The most typical loan payment type is the fully amortizing payment in which each monthly rate has the same value over time.