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Mortgage Professor about mortgage interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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mortgage interest 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 mortgage interest Flexible Mortgage Tips Adjustable Rate Mortgage - Is This The Right Type Of Loan For Me? Remortgages: Reaping Benefits on Expertise of Mortgage Four Quick Tips on How to Lower Your Mortgage Interest Rate California Mortgage Loan Company What are Your Mortgage Options? Having Mortgage Calculators Calculating The Best Loan Option Fixed Rate Mortgage Loans - Understanding The Basics Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate Interest Only Home Mortgage Loans - Good Or Bad Idea? Paying Rent or Pay a Mortgage? Here AreThe Benefits You Have With A Mortgage!
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