Difference between revisions of "FM SFLP.Amortization Type"
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== Definition == | == Definition == | ||
| − | <b>Amortization Type</b> | + | <b>Amortization Type</b>: The classification of the loan as having either a fixed- or an adjustable-interest rate at the time the loan was originated. |
== Notes == | == Notes == | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 35 | * FM SFLP Field Index: 35 | ||
| + | * Column Label: PRODUCT | ||
* Data Type: Choice | * Data Type: Choice | ||
* Data Maximum Length: X(3) | * Data Maximum Length: X(3) | ||
Revision as of 15:14, 17 January 2023
Definition
Amortization Type: The classification of the loan as having either a fixed- or an adjustable-interest rate at the time the loan was originated.
Notes
Adjustable Rate Mortgages = ARM; Fixed Rate Mortgages = FRM.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 35
- Column Label: PRODUCT
- Data Type: Choice
- Data Maximum Length: X(3)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
