How do I finance Odd Days Interest?

Select one of the following payment structures to finance odd-days interest:

n       Mortgage

n       Balloon Mortgage

n       Inhouse Mortgage

n       Inhouse Balloon Mortgage

Notes

You cannot finance odd days interest if you select the following payment structures.

n       Fully Amortize

n       Balloon

n       Single Payment

n       Interest Only

n       Mixed Principal and Interest

n       Level Principal Reduction

n       Irregular

If the payment structure is not a mortgage, ComplianceOne automatically includes the extra interest in the first payment amount, causing negative amortization. On the Amortization schedule, it will reflect the amount of interest accrued for the first month before the payment schedule begins.