Home | Ask Your Question | Mortgage Glossary
Mortgage Professor about loan interest: 
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...

loan 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...

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

More about loan interest

When and How To Shop For a Loan
If you're thinking of getting a loan but aren't exactly sure whether the current loan market is likely to produce a good interest rate, you might want to do a little bit of basic research into the interest rates that are offered both locally and nationally, as well as the various loan rates that ... more...

What is a Loan?
A loan is money that you borrow and agree to pay back over a set period of time with interest. The amount of money you borrow is called principal, and interest is the cost for borrowing the money. The length of time set to pay back the loan is known as the term.It is best to get a loan only for ... more...

Bad Credit Payday Loan - Good for Consumers and the Economy
There's no argument that a bad credit payday loan quickly puts money into the pockets of people who are in need of cash, whether for an emergency or to pay a past due bill that's about to go to a collection agency. Payday loan lenders are able to offer cash with minimal requirements, whereas a bank ... more...

Tips for Finding an Automotive Loan
There's a good chance that at some point you're going to have to apply for an automotive loan auto financing has grown into one of the largest loan industries in the world today.With the cost of new cars and trucks on the market today, it's perfectly understandable why a person would likely need to ... more...

How Loan Decisions Are Made
If you've ever wondered exactly what the process by which loan decisions are made is, it is actually much simpler than you might expect.While there are some large corporate banks that can have loan committees made up of a fairly large group of people, many smaller banks and lending companies leave ... more...

Who is Your Commercial Loan Broker?
What can your commercial loan broker do for you? That all depends on which broker you choose to do business with. As is the case for most things in life, there is a variety of financial institutions to choose from. However, not all brokers will provide the same options, variations on loans, and ... more...

Personal Loan 101- What You Absolutely Need to Know
Daughters marriage or her studies? Sons Ambition? Want a House makeover? Stop worrying about money to fulfill your cherished dreams now Avail the opportunity of Personal Loans.Personal Loan is perhaps a mans best friend in todays world. Personal loan as the name suggests can be for any personal ... more...

Determining Whether You Need a Loan
Sometimes it can seem like life is getting out of hand, and you might need some extra money to get through it... at other times, though, you might find that your need for additional funds is motivated more by want than need.In many cases there is nothing wrong with this discrepancy, but in those ... more...

Why Choose a Debt Consolidation Loan?
Are you wondering why choose a debt consolidation loan? If you are one of the many people who continually struggle to cope with an ever increasing amount of debt the solution could well be within your reach.Are you feeling overburdened with debt? Are you paying out too much every month for your ... more...

Use Caution When Entering Into Debt-Consolidation Loan
To the person drowning in debt, a debt-consolidation loan looks a lot like a lifesaver. But agreeing to such a loan without understanding it completely could be a serious mistake.Here's the way it's supposed to work: You pay off all your small, high-interest consumer debts with the proceeds of a ... more...


Return to previous page   More articles
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

 

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

ExplainingMortgages © 2005