Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about interest rate calculation: | |||||||||||||||||||||||
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... 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... |
|||||||||||||||||||||||
interest rate calculation 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 interest rate calculation How Credit Scoring Works Flexible Mortgage Guide What Does Your Credit Score Tell You? Is the New Millennium Method Really $1.204,000 Better then a Bi-Weekly Mortgage Time is Money and We Are Running Out of Both! Home Equity Lines of Credit - the Basics Your Credit Score and Refinancing Your Mortgage Buy To Let Mortgages 'To Let' in Reasonable Capital Growth with Financial Obligation First Time Buyer Mortgages Transforming Homeless into Property Owners Flexible Mortgage UK Mortgages to Specially Suit the Self-employed
|
|
||||||||||||||||||||||
|