Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about mortgage scenario: | ||||||||
Payment Calculators For Adjustable Rate Mortgages
August 18, 2000, Revised March 18, 2003 Calculators 7b and 7c show how monthly mortgage paymentswill change under a variety of possible future interest-rate scenarios, as defined by the user. 7b covers adjustable rate mortgages (ARMs) on which the monthly payment is always ... more... Borrower Guide to Adjustable Rate Mortgages September 29, 2001 Most borrowers who take adjustable rate mortgages (ARMs) need them to qualify for the loan they want. Because the initial rate on ARMs is usually lower than the rate on fixed rate mortgages (FRMs), these ... more... |
||||||||
mortgage scenario related definitions |
||||||||
Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... 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 scenario
Stopping Foreclosures Why Starve Your Needs When Payday Loans are there to Gratify Them Warning: Many Home-Owners Could Be Living Above Their Means! Sharpening Your Sales Skills Why Refinance Back into a 30-Year Loan? Home Equity Loans Beware of Appraisal Fraud Real Estate Stories that Show You How! Rebuilding After Katrina: Smart Energy Choices How to Achieve Financial Freedom with Your Home Real Estate Investors - How to Buy for Your Rent to Own Homes Inventory
|
|
|||||||
|