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Selecting the Term on a Mortgage
August 15, 1998, Revised September 7, 2005 What Is the Mortgage Term? The term of a mortgage is the period used to calculate the mortgage payment. It should be distinguished from the maturity, ... more... Pay Off Home Loan or Car Loan? April 10, 2000 " I am currently sending $300 a month in additional principal on my 30-year, 7-percent mortgage to pay off the loan in approximately 15 years. Would it be wiser to make this extra payment on my 8.49 percent car loan? Are additional principal payments treated the ... more... |
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100 mortgages related definitions |
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Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more... 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... |
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More about 100 mortgages Galax Virginia Real Estate Stuttgart Arkansas Real Estate Dillon South Carolina Real Estate Robinson Illinois Real Estate Taylor Pennsylvania Real Estate Searcy Arkansas Real Estate Concordia Kansas Real Estate Burlington North Carolina Real Estate Lincoln California Real Estate Old Forge Pennsylvania Real Estate
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