Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about adjustable: | |||||||||||||||||||||||
How Does Negative Amortization on a Mortgage Work?
September 15, 1998 Negative Amortization and Related Concepts Ordinarily, the mortgage payment you make to the lender has two parts: interest due the lender for the month, and amortization of principal. Amortization means ... 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... |
|||||||||||||||||||||||
adjustable 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... Margin Margin The amount a lender adds to the index on an adjustable rate mortgage to establish the adjusted interest rate. Margin is constant throughout the life of the loan. INDEX + MARGIN = FULLY INDEXED RATE Example using the 1 Year Treasury: 1 Year Treasury Index = ... more... |
|||||||||||||||||||||||
More about adjustable Refinancing Your Mortgage - Is It The Right Choice For You? Home Loans: To Substantiate Financial Possibilities On Your Land Mortgage Refinance Tips And Advice Procedures in Selecting the Best Home Loan Investing in Real Estate Profitably: Financing Options for Purchase of Rental Houses, Part 1. Houston Mortgage Rates Everything You Need to Know About a Negative Amortization Mortgage Home Mortgages: Think Before You Borrow Fixed Rate Mortgage or ARM? Which is Better? Mortgage Loan Basics What You Need to know
|
|
||||||||||||||||||||||
|