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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...

How and Why to Refinance Your Mortgage
Refinancing your mortgage can be a great way to reduce monthly payments, lock in a better interest rate, and gain additional time for repayment, but it should not be entered into lightly. Refinancing at the wrong time or for the wrong reason can actually result in you having a higher payment or a ... more...

Sub-Prime Mortgage Loans - Five Ways To Lower Your Rates On A Sub-prime Mortgage
Sub-prime mortgages dont mean you have to pay excessively high interest rates to buy a home. By taking time to do some research and pick the right terms, you can save thousands on your mortgage. The following five tips will help you get low rates with the right subprime lender.Compare LendersThe ... more...

Getting the Government to Help Finance Your Home Based Business
Youve got the concept. You even have the consumer base. But how do finance your home based business? One of the great ways to finance your home based business is by obtaining a government loan. The process is fairly simple, as the government is big on trying to support small business owners ... more...

Mortgage Company Quizzing Here are the Questions You Need to Ask
If you process of finding a mortgage there are three important questions you need answered. Here are the questions you need to quiz your lender on.Mortgages can be the most intimidating aspect of home ownership. As a homeowner it is easy to second guess your decisions; part of choosing the right ... more...

How To Get A Low Cost Secured Loan?
Difficult situations prompt us to take a loan, but the repayment burden it creates and the amount of extra payments, which we have to make in the form of interest and fees, worries us constantly. The first priority of any person should be to be self-sufficient. If he or she has to take a loan due ... more...

5 Ways To Raise Credit Score
It's not as hard as you think to raise credit score. It's a well known fact that lenders will give people with higher credit scores lower interest rates on mortgages, car loans and credit cards. If your credit score falls under 620 just getting loans and credit cards with reasonable terms is ... more...

Jacksonville Florida Real Estate Mortgage Home Loans - Get the Best Rate Everytime
There are hundreds of mortgage companies in the Jacksonville real estate market. All claiming to have the lowest rate and excellent customer service. Well, it is simple to figure out that if you are reading this information off of billboards or in an expensive yellows page adverisment, it is very ... more...

Why Do You Need to Use a Mortgage Adviser?
Taking out a mortgage is probably the biggest financial commitment you will ever choose to make. The term of the loan will probably last until you are near to retirement age and in many cases the loan amount will become larger as you move up the property ladder.So, as a mortgage seeker, what is the ... more...

Benefits of a Debt Consolidation Loan
There are many benefits in choosing a Debt Consolidation Loan, some of which are listed below:May be able to reduce your monthly payments.Can take off some of the pressure you may be under from your existing creditors.You will have only one creditor to deal with.Lower monthly repayments than ... more...

Try Unsecured Loans! If The Word 'Secured' Doesnt Fit Your Financial Statement
Big financial goals, no security to supply - it is the perfect circumstances to opt for unsecured loans. Online lending ways have made unsecured loans both accessible and full of innovative options. Unsecured loans have created a niche for themselves in the loan industry and providing good relief ... more...

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