Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about repayment calculator: | |||||||||||||||||||||||
Are Mortgage Refinance and Prepayment Alternatives?
April 9, 2001, revised October 9, 2002 " I have a mortgage balance of $80,000 on a 30 year 8% loan that I took out 5 years ago. I have been adding $1,000 to my monthly payment, which will pay off the loan in another 6 years. I have enough investments to pay off ... more... 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... |
|||||||||||||||||||||||
repayment calculator related definitions |
|||||||||||||||||||||||
Prepayment Penalty
Prepayment Penalty Money charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in many states. Prepayment Penalty makes refinancing less beneficial within a set time period, usually 3 or 5 years. Loans with ... 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... |
|||||||||||||||||||||||
More about repayment calculator Refinance Mortgage Rate Calculators - Valuable Tools For Getting The Best Loan Mortgage Calculator Hopes: The American Dream Get a Free Car Loan Calculator Online Decision With A Mortgage Calculator: When To Foreclose? Free Mortgage Calculator - Use It To Attract Return Visitors To Your Site Student Loan Consolidation 4 Key Benefits & 5 Characteristics To Help You Save Money Using a Calculator to Assess Your Loan Personal Loans for Unemployed: if Unemployment is a Financial Struggle UK Personal Loan Advice Reverse Mortgage Calculator
|
|
||||||||||||||||||||||
|