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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... What Goes Into the Mortgage Refinance Decision? November 4, 2002 "What is the best way to measure the costs and gains from refinancing so I can be sure I will come out ahead?" The method I prefer is to compare all costs of your current mortgage and a new mortgage over a future period. The period should be your ... more... |
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mortgage payments calculator related definitions |
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Bi-Weekly Mortgage
Bi-Weekly Mortgage A mortgage which requires 1/2 the normal monthly payment every two weeks. Over the course of the year, 26 half payments are made which is equivalent to 13 full mortgage payments. As a result of this extra ... more... Reverse Mortgage Reverse Mortgage, Reverse Annuity Mortgage, RAM A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home. A mortgage used by the elderly that provides income as a way of converting their home equity into a ... more... |
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