Mortgage installments

Accessed 14 Jan. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Log in Sign Up. Save Word. Definition of installment mortgage. Love words? Start your free trial today and get unlimited access to America's largest dictionary, with: More than , words that aren't in our free dictionary Expanded definitions, etymologies, and usage notes Advanced search features Ad free!

Government involvement also helped during the financial crisis. The crisis forced a federal takeover of Fannie Mae as it lost billions amid massive defaults, though it returned to profitability by The FHA also offered further help amid the nationwide drop in real estate prices. It stepped in, claiming a higher percentage of mortgages amid backing by the Federal Reserve.

This helped to stabilize the housing market by Today, both entities continue to actively insure millions of single-family homes and other residential properties. Additional One-Time Payments. Financial Calculators. Financial Fitness and Health Math Other. Home Price. Include Options Below.

Show Biweekly Payback Results. Viewed 35 times. For instance, we can ask someone: How much is each installment of your car? Tomorrow, I have to pay the first installment of my car! But how about a house loan? Can we say: How much is each installment of your house? Tomorrow, I have to pay the first installment of my house! I have to say: How much is each mortgage of your house?

Tomorrow, I have to pay the first mortgage of my house! Please do me a favor and explain that to me. Improve this question. A-friend A-friend Add a comment. Active Oldest Votes. Improve this answer. Like all types of credit, an installment loan comes with pros and cons. Here are some points to consider:. An installment loan—and how you use it—could have an impact on your credit scores. And guess what? Your credit scores could also have an impact on your installment loan. Lenders take your scores into account when deciding whether to offer you a loan.

When it comes to how an installment loan could affect credit scores, it can be hard to predict. And those companies calculate scores differently. How an installment loan affects you specifically also depends on your own unique financial situation.

Plus, not all installment loans are reported to the credit bureaus. Keep in mind that there are other factors that can affect your credit scores. An installment loan can be an option in many different situations—from making a big purchase to consolidating your debt. And, if you can make the payments on time and pay off the loan as agreed—and your account is reported to the credit bureaus—it could have the added bonus of improving your credit score. And if you have average or below-average credit , you could still be eligible for financing, but it may come with a higher interest rate.

You can check your credit score with CreditWise from Capital One. CreditWise is free and available to everyone—not just Capital One customers. You can also request a copy of your credit report at AnnualCreditReport. It could help you to know where you stand. And it could help you stay in control of your credit. Government and private relief efforts vary by location and may have changed since this article was published.