1085 Loan Payment Type Code
TYPE=ID MIN=2 MAX=2
Code identifying the nature of loan payment
01 Adjustable Payment Based on Index
02 Fixed Payment with Balloon Option
03 Pledged
04 Growing Equity Mortgage (GEM)
05 Fixed Payment
06 Graduated Payment Mortgage (GPM)
07 Interest Only with Balloon
08 Graduated Payment Adjustable Rate Mortgage
09 Extended Term
10 Wraparound Mortgage
11 Collateral Pledge Graduated Payment Mortgage
12 Fixed Payment With Buydown
13 Other Loan Payment Type
14 Step Rate
15 Tiered
16 Renegotiated Rate
17 Reverse Annuity
18 Reverse Installment Buydown
19 Shared Appreciation
20 Second Mortgage
21 Interest Only
22 Non-level
23 Biweekly
24 Five-year Balloon
25 Seven-year Balloon
26 Regular Reducing
27 Skip
28 Balloon
29 Single
30 Fixed Principal Payment
31 Semi-monthly Principal Payment