Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about simple interest: 
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...

The Cost of Getting Distracted
January 8, 2001 "We just refinanced our 1st mortgage for $138,393 at 8%, our 2nd for $37,987 at 12%, and one credit card for $7,438 at 10%, into a new simple interest 1st mortgage at 10.14%/10.52%APR. It is a biweekly that will be paid off in 19 yrs 8.4 months without making ... more...

simple interest 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 simple interest

Get Free simple interest Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Car Finance
Car finance has finally turned into an easy and simple process. From being a tense and time-consuming activity with lots of paperwork for both lender and customer, the internet has fortunately turned the entire process into a much more customer friendly event and even for the vehicle lender this ... more...

Procedures in Selecting the Best Home Loan
A home is made of hearts. Inside the strong compound of bricks and cement, a home narrates a story- the story of past, present and probable future. It is where one finds pleasure, hides sorrow and dreams for the incessantly moving seconds. It is contentment when a home becomes a reality.John Payne ... more...

Secured Loans Tips
Here are some useful secured loans tips. Secured loans enable most homeowners to borrow capital against the value of their property. A secured loan is where the amount you borrow is secured against the value of your home. This is a loan that's secured on your property, which, if you already have a ... more...

An Easy Way To Avoid Credit Card Late Fees
A few years back my husband and I were burdened by credit card debt. The one thing that compounded the problem was late fees. In some cases our balance was doubled by additional late fees. We had so many cards that we could not keep track of what was due when. The physical act of having to write ... more...

Finding the Online Homeowner Loans You Want
Online homeowner loans have been growing in popularity in recent years, blossoming into a new industry of online lenders and new opportunities for homeowners who find themselves needing additional money but not wanting to pay an exceptional amount on interest.These online homeowner loans use the ... more...

Save Money By Shopping Wisely
Every day, from telemarketers to mail order catalogs and television commercials we get read and hear these magical words: clearance sales, zero interest payments and discount coupons. All geared to stop us from saving, and get us spending on items we really dont need, just want.How can you spend ... more...

Getting The Best Home Equity Loan
Owing to the popularity of home equity loans, there are numerous lending agencies offering a variety of mortgage products. A bad choice of mortgage can lead to disastrous effects, as there is a risk involved of foreclosure and losing one's home. Hence it becomes necessary to secure the best loan ... more...

Online Automobile Loan Tips
The internet is a booming marketplace. Online automotive lending is an industry that has begun to boom. There are several benefits of getting an automobile loan online, but there are some tips you should follow to fully utilize those benefits.Online Credit Score The internet is a quick and hassle ... more...

What On Earth are Home Equity Loans?
Home equity loans are one of the most common types of financing for doing improvements on your house. These loans are not necessary used for home improvements but can also be used to simply obtain extra cash. It is essentially a standard loan, based on the equity you have in your house. This is as ... more...

REIT: Real Estate For The Elite
While real estate syndicates are formed for a variety of reasons, the typical reason is to create a tax shelter. More specifically, the purpose of a Real Estate Investment Trusts or REIT is to reduce or eliminate corporate income taxes. In the United States, where they are generally more widespread ... more...

Return to previous page   
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009