Acceleration – This refers to a lender’s right to request immediate payment of the balance of the loan when the borrower defaults or by using a stipulation from a Due on Sale Clause ARM / Adjustable Rate Mortgage – A mortgage that has an interest rate that is periodically adjusted. This adjustment is based off [...]
Posts Tagged ‘Amortization Schedule’
Common Mortgage Terminology Explained
Posted by admin on January 4th, 2010
Posted in Articles 
Tags: Adjustable Rate Mortgage, Amortization Mortgage, Amortization Schedule, Annual Percentage Rate, Arm Adjustable Rate Mortgage, Assessment Tax, Balloon Mortgage, Balloon Payment, Borrower Defaults, Bridge Loan, Change Frequency, common, Existing Mortgage, Explained, Immediate Payment, mortgage, Mortgage Acceleration, Mortgage Amortization, Mortgage Terminology, Property Buyer, Rate Expression, Subsidization, Terminology, Variable Rate Mortgage 
No Comments »Your Mortgage Could be a Goldmine of Potential Savings
Posted by admin on October 25th, 2009
“A penny saved is a penny earned”… or so the old proverb goes. Of course, the value of a penny has changed somewhat from the time when your mother offered her wisdom on the value of keeping what you earn. Today, you could save thousands of dollars by simply making the right mortgage decision. If [...]
Posted in Articles Tags: Amortization Schedule, Broad Spectrum, Canadian Homeowners, Could Save Thousands, Existing Mortgage, Features Rates, Financial Decisions, Investment Advisor, Lending Institutions, Mortgage Broker, Mortgage Decision, Mortgage Decisions, Mortgage Options, Mortgage Rates, Payment Preferences, Personal Situation, Rate Options, Right Combination, Right Mortgage, Substantial Opportunities No Comments »