Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about money invest: | |||||||||||||||||||||||
Can I Live Off My House?
November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... Are Prepayments on a Balloon Loan Wise? May 24, 1999 "I recently purchased a condominium financed by the seller at 5.5% interest over 34 years, with a balloon due in 10 years. Is it wise for me to make extra principal payments so that the balloon payment will be smaller, or should I invest my extra income ... more... |
|||||||||||||||||||||||
money invest 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... Earnest Money Earnest Money Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. This deposit made by a buyer of real estate towards the down paymen is typically held by the real estate brokers or the escrow company. ... more... |
|||||||||||||||||||||||
More about money invest Using Your Banks Money To Grow Your Own Quelling Your Investment Fear Investing: Commercial Property WARNING: The Biggest Lie About Compound Interest Marketing Is A Long-Term Investment Investor Guide to Financial Health Money Myths Of The Poor Top 10 Things NOT To Tell Angel and VC Investors Prosperity Consciousnes or Poverty Consciousness? It is All Up To You! Stop Losing Thousands of Dollars Every Day: Six Tips For Creating Wealth
|
|
||||||||||||||||||||||
|