7 docs tagged with "mortgages"

Dynamic mortgage products are a type of capital repayment loan featuring equal installments and interest that is calculated on the **principal** +...

Interest rollover keeps a borrower's monthly repayment equal on a dynamic mortgage even when more interest accrues than usual, by deferring the excess interest to the next instalment...

Architecture and prerequisites for Mambu lending products and loan accounts.

The Offset and Redraw capabilities are used for Dynamic Term loan products in Mambu. They automatically recalculate the interest due on the loan...

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A short term payment arrangement lets a customer temporarily switch to interest-only repayments for a defined period, after which the loan automatically reverts to standard principal and interest repayments.

Unapplied Funds lets borrowers pay more than their outstanding mortgage balance by crediting the surplus to a dedicated liability reserve instead of rejecting the payment.