Understanding what mortgages are and how they work can be mystifying for first-time homebuyers faced with the need to get financing to purchase their first home. Technically, the type of mortgage that home buyers use to get a loan to purchase a home is a contractual instrument that gives the lender, known as the “mortgagee”, [...]
Posts Tagged ‘amortization’
Mortgages Made Easy For First-Time Home Buyers
Posted by admin on December 20th, 2009
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Tags: amortization, Amortization Period, Amount Of Time, Back To The Beginning, Buyers, Common Law, easy......, First Time Home, First Time Home Buyers, FirstTime, home, Interest Rate, Legal Terms, Made, Mortgage Agreement, Mortgage Buyers, Mortgagee, Mortgages, Mortgagor, Origins, Periods, Pledge, Purchasing A Home, Time Home Buyers, Trespass 
No Comments »Mortgage Plain-talk: What’s the Difference Between “amortization” and “term”?
Posted by admin on December 9th, 2009
There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After [...]
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