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Mortgage Professor about interest mortgage: | |||||||||||||||||||||||
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... |
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interest mortgage related definitions |
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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... |
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More about interest mortgage Offset Mortgages: A Dream for Well Off Homeowners Tips for Choosing a Commercial Mortgage Home Loans Adjustable Rate Mortgage Avoid a Heinous Mortgage Mistake Houston Mortgage Rates Mortgage Interest Rates Rising Too Late to Refinance Your Mortgage? Fixed Rate Mortgage vs. Adjustable Rate Mortgage What Is The Best Deal For A Mortgage? What is an Interest Only Mortgage? Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family
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