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Mortgage Professor about interest mortgage: | |||||||||||||||||||||||
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... 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... |
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interest mortgage related definitions |
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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... Mortgage Note Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... |
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More about interest mortgage Selecting the Right Mortgage for You Interest Only Mortgage A Short Term Fix Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Interest Only Loans A Critical Guide to Home Loans: Your Options and How They Affect Your Future Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Exotic Mortgage Guide to Interest Only Mortgages Mortgage Loan Basics: Interest Only Loans, Pay Option ARM What's The Truth Behind Your Finances?
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