Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about explanation of apr vs rate: | |||||||||||||||||||||||
Interest Rate Above APR on Adjustable Rate Mortgage?
May 5, 2003, revised April 8, 2004 "I?m considering a 3/1 ARM and am confused about the APR on this loan. I thought that when there were lender fees, the APR would be above the interest rate. But this 3 /1 ARM has lender fees, yet the APR is below ... more... Annual Percentage Rate Below Interest Rate on ARM? May 5, 2003 "I?m considering a 3/1 ARM and am confused about the APR on this loan. I thought that when there were lender fees, the APR would be above the interest rate. But this 3 /1 ARM has lender fees, yet the APR is below the interest rate. Is this lender making a mistake ... more... |
|||||||||||||||||||||||
explanation of apr vs rate 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... 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... |
|||||||||||||||||||||||
More about explanation of apr vs rate Reducing Debt Through Lower Interest Loans Mortgage Info You Can Actually Understand! Online Home Equity Loans: A Basic Glossary Tips for Choosing a Commercial Mortgage Understanding Fixed-rate Mortgages Buy to Let Mortgages An Introduction to Interest Rates Adjustable vs Fixed Rate Mortgages Home Loans: To Substantiate Financial Possibilities On Your Land Home Loans in the UK
|
|
||||||||||||||||||||||
|