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

mortgage interest related definitions

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...

More about mortgage interest

The Writing Life
In the 7th grade I wanted to be an architect but it turns out math is involved. Who knew? My 8th grade English teacher talked me into working on the school newspaper and I was hooked. It seemed like easy lifting compared to architecture.This quote from newspaper columnist Russell Baker sort of sums ... more...

Business Ownership, Cash in Your Pocket - Today!
Yesterday we learned that 74% of all wealth is created by people who own their own business. Below are a few facts about owning your own business, specifically a home-based business that you may not be aware of.Fact: The fastest growing segment is home-based businesses.Fact: A new home-based ... more...

Save Money on Medical Expenses
If you are in good health, you may rarely think about the money you spend on doctors and medicine throughout the year. But if you keep track and add it all up, youll notice that you are spending more than you thought. You may be eligible for a tax-favored savings plan to help with paying for ... more...

Cash-out Refinance: Turning Lemons into Lemonade
The oft given, rarely followed adage, "Turn Lemons into Lemonade" seems out of place in the world of refinance. But in fact, it is quite appropriate when considering entering into a Cash Out refinance loan. A Cash Out Refinance loan is simply a loan typically on the equity in a home, which is for ... more...

Will a 1031 Property Exchange Solve Your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1. Are you a landlord that doesn't want to manage property anymore?2. Do you want to sell your investment property, but don't want to pay huge amounts of Capital Gains Tax?3. Is your current income property not ... more...

Benefits to RSS
RSS streamlines communication between publishers and readers. Since RSS has had a popularity surge, webmasters have been experimenting and using RSS feeds to deliver content in new and innovative ways. Typically, RSS feeds contain news headlines and content summaries. The content summaries contain ... more...

Secured Loans Tips
Here are some useful secured loans tips. Secured loans enable most homeowners to borrow capital against the value of their property. A secured loan is where the amount you borrow is secured against the value of your home. This is a loan that's secured on your property, which, if you already have a ... more...

Sell Real Estate Notes For Top Dollar
People sell real estate notes to raise cash quickly. A real estate note is just the loan document created when you financed the sale of your house or investment property. It could be a mortgage note, or a land-contract or contract-for-sale. The point is that the buyer is making payments to you, and ... more...

Why Join the Credit Union? Better Benefits are Hard to Find!
What is a credit union?A credit union is a not-for-profit, cooperative financial institution that is owned and controlled by its members. Credit unions serve people that share something in common such as an employer or place of worship. Credit unions allow members to pool their savings, lend to one ... 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