Skip Payment(s)

Where the payor misses or passes over scheduled payments. Exec-Amort handles both intentional or unintentional skipped payments. Exec-Amort can amortize the skipped payments under the original loan amortization term by automatically increasing the succeeding automatic payment amounts or by keeping the original payment amounts and making a balloon at the end of the loan term. Using Exec-Amort one can also alternatively specify the payment amounts that occur throughout the loan amortization.