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Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... How to Shop For a Mortgage September 24, 2003, Revised November 12, 2004 Shopping for a mortgage effectively isn?t easy. Reforms proposed by HUD, which were pending at the time this article was first drafted, and which promised to make the process much easier, were never enacted. ... more... |
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mortgage rate 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... Fixed Rate Mortgage Fixed Rate Mortgage A mortgage loan with an interest rate that remains at a specific rate for the entire loan. Approximately 75% of home mortgages are this type. The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage for the ... more... |
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More about mortgage rate Getting the Best Mortgage Rate How Caps Can Protect You From Paying High Monthly Mortgage Payments Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Refinance Mortgage Rate Calculators - Valuable Tools For Getting The Best Loan What is a Fixed Rate Mortgage? Best Mortgage Rate - How To Take Advantage Of The Best Home Loans Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Adjustable Rate Mortgage Information Basics Fixed Rate Mortgage vs. Adjustable Rate Mortgage Mortgage Loans Explained In Plain English
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