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 ‘Annual Percentage Rate’
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 »The Bare Bones of a Mortgage Loan
Posted by admin on January 1st, 2010
With the numerous mortgage options being offered by mortgage lenders today, newcomers to the arena may find the scenery just plain confusing. If you’re planning to get a mortgage loan, and you don’t know where to start, here is a list of the basics that you need to know about. Mortgage Defined A lot [...]
Posted in Articles Tags: Adjustable Rate Mortgage, Adjustable Rate Mortgage Loan, Annual Percentage Rate, Application Fees, Appraisal Fees, Bare, Base Interest Rate, Bones, Financial Institutions, Fixed Rate Mortgage, Fixed Rate Mortgage Loan, Fixed Rate Mortgage Loans, Initial Rates, loan, mortgage, Mortgage Lender, Mortgage Lenders, Mortgage Loan Rates, Mortgage Options, Mortgage Payments, Mortgagor, Origination Fee, Year Fixed Rate Mortgage, Year Fixed Rate Mortgage Loans No Comments »Tips for identifying best mortgage rates
Posted by admin on December 23rd, 2009
Identifying the best mortgage rate is not very easy. There are various other factors to be considered to identify the best mortgage rate. You can identify the best mortgage rate based on the interest rate, the time duration for which you wish to hold onto the mortgage, the Annual Percentage Rate or APR and whether [...]
Posted in Articles Tags: Annual Percentage Rate, Best, Best Mortgage Rate, Best Mortgage Rates, Careful Comparison, Current Mortgage Rates, Economic State, Experienced Mortgage, Home Mortgage Calculator, identifying, Lending Institutions, Mortg, mortgage, Mortgage Agent, Mortgage Broker, Mortgage Brokers, Mortgage Lenders, Mortgage Loan Rate, Mortgage Options, Mortgage Plan, Payment Mortgage, Rate Mortgage, rates, Time Duration, Tips No Comments »Glossary of common terms used during the mortgage process.
Posted by admin on December 22nd, 2009
APR – This stands for Annual Percentage Rate. It enables you to compare the full cost of the mortgage. Rather than just being an interest rate, it includes up front and ongoing costs of taking out a mortgage. The formula for calculating APR is set by Government Regulations and therefore enables direct comparison of the [...]
Posted in Articles Tags: Annual Percentage Rate, Arrangement Fees, Arrears, Capital And Interest, common, Consumers, during, Easy Access, Flexibility, Glossary, Government Regulations, Insurance Products, Interest Charges, Interest Mortgage, Interest Rate, lenders, Minimum Loan, mortgage, Mortgage Capped Rate, Mortgage Rate, Mortgages, process., Redemption Fees, Repayment Mortgage, Standard Variable Rate, Terms, used No Comments »Mortgages and Remortgages – Which One Will Suit My Circumstances?
Posted by admin on December 21st, 2009
If you’re using a mortgage to buy your home but are not sure which one will suit your needs best, read this handy guide to mortgage types in the UK. Taking out a mortgage has never been easier. Fixed Rate Mortgages – the lender will set the APR (Annual Percentage Rate) for the mortgage [...]
Posted in Articles Tags: Annual Percentage Rate, Bank Of England, Bank Of England Base Lending Rate, Bank Of England Interest Rate, Base Lending Rate, Circumstances, Fixed Mortgage Rate, Fixed Rate Mortgage, Fixed Rate Mortgages, Handy Guide, Interest Rate Change, Interest Rate Mortgage, Interest Rate Mortgages, Mortgage Agreement, Mortgage Interest Rate, Mortgage Repayments, Mortgage Types, Mortgages, Remortgages, Suit, Tracker Mortgage, Variable Interest Rate, Variable Rate Mortgage, Variable Rate Mortgages No Comments »