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Mortgage Professor about interest: 
How Does Simple Interest Work?
January 5, 2004 "What are the benefits/drawbacks of a simple interest loan versus a traditional mortgage? Which would you take if offered the choice?" I would select a traditional mortgage. If ... more...

Interest-Only Mortgage Tutorial
Here is what you will learn in this tutorial: 1. What is an interest-only mortgage? 2. For what types of borrowers is it suitable? 3. What are the hazards you should watch out for? 4. What information do you need to assess an IO mortgage? 5. How ... more...

interest related definitions

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

Variable Rate Mortgage
Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more...

More about interest

Don't Let Your Personal Loan Become a Personal Moan
Most of us have been in a position at some point when we simply have had insufficient funds to pay for something. This could be car insurance/repairs, course fees, holiday, Christmas presents, electrical items or even the weekly shopping. According to Credit Action, 2.4 million personal loan ... more...

Finding a Loan With Bad Credit
No matter what your credit history is the simple fact is that at some point in your life you will need a loan. If you have a few black marks on your credit report and you are feeling that your bad credit will not enable you to qualify for loans, do not feel despair because there are banks that will ... more...

Advice For Securing A Loan
Useful Ideas If You Are Looking For A LoanThe tips below are sound advice when looking to secure a loan for, say, the purchase of a car.If you already have a loan and are wanting to replace the car and take out a new one remember that the previous loan is in your name and it's therefore your ... more...

How to Get a Secured Bad Credit Loan
If you need money now, but have been repeatedly turned down for unsecured personal loans, you may still be able to get the cash you need with a secured bad credit loan. A secured loan is one in which you offer something as 'collateral' to guarantee your repayment of the loan. If you don't repay the ... more...

Simple Tips On Getting Your Loan
So, you want to get a loan?Here are some simple tips that will help you make an informed decision about what kind to get, and who to get it from.First ask yourself: do you really need it?Can you manage without it? Is it for something frivolous, like a holiday? Could you get the money by other means ... more...

How To Stretch Your Student Loan
If youre considering going to university, there is a strong chance that youre also contemplating taking out a student loan to fund your university expenses. Student loans dont have to equate to student debt and if you plan your finances, it is possible to get by without student loans and possibly ... more...

Home Equity Loan Good Choice for Luxury Purchases?
Home equity loans or lines of credit have increased dramatically in popularity in recent years. One of the reasons is that interest rates are at or near historic lows; borrowing money has rarely been more affordable. Another reason is that Americans are enjoying record amounts of equity as home ... more...

Loan Options for College Students
You just finished high school and realize you have two months to work and save up for your very expensive post secondary education. Your parents are willing to help you out a bit, you have a very impressive $4.32 stashed in your savings account, and you have a rewarding job at Wal-Mart 3 days a ... more...

Getting That Car Loan: Simple Interest Is The Best
So heres the situation: you are buying a car but you dont know what type of auto loan offers you should go for. What should you go for?The answer is simple enough: get a simple interest loan.What is a simple interest loan anyway?A simple interest loan is a loan where you pay interest only on the ... more...


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