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 A Heavenly Wedding - Courtesy Wedding Loans Getting a Cheap Mortgage Loan Online 2nd Mortgage What Is A Debt Consolidation Program? Student Loan Consolidation Rates - Helpful Tips Applying for a Home Mortgage Loan Online - The Pros and Cons Mortgage Calculator Hopes: The American Dream Debt Consolidation Discipline is Required if Consolidating with Home Equity Guide to Debt Consolidation Loans Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
|
|
||||||||||||||||||||||
|