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 ‘Variable Rate Mortgage’
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 »A Bamboozling Dilemma: Fixed Rate or Adjustable Rate Mortgage?
Posted by admin on December 31st, 2009
A lot of people who plan to buy a house often wonder what kind of mortgage is right for them: an adjustable rate mortgage or a fixed rate mortgage. To be able to determine the suitability of a mortgage type, potential buyers should familiarize themselves with the advantages and disadvantages. This way, they enable themselves [...]
Posted in Articles Tags: Adjustable, Adjustable Rate Mortgage, Bamboozling, Borrowers, Dilemma, Economic Index, Fixed, Fixed Rate Mortgage, Homebuyers, Initial Principal, Initial Rate, Interest Rate, Interest Rates, mortgage, Mortgage Interest, Mortgage Payment, Mortgage Payments, Mortgage Rate, Mortgage Type, Principal Reason, Rate, Suitability, Taking A Risk, Two Kinds, Variable Rate Mortgage No Comments »First Time Buyer Mortgage Application Guide
Posted by admin on December 24th, 2009
Buying a home and arranging a mortgage is said to be one of the most stressful experiences we can have in live, yet it doesn’t need to be. No matter whether you are a First Time Buyer or moving home, the step by step guide that follows will help ensure that your mortgage application runs [...]
Posted in Articles Tags: Acceptance Decision, Application, Application Guide, Best Mortgage Deal, Broker Fee, Buyer, Buying A Home, First, First Time Buyer, First Time Buyer Mortgage, Guide, Independent Mortgage Advice, Initial Agreement, Key Facts, mortgage, Mortgage Adviser, Mortgage Application, Mortgage Product, Mortgage Products, Moving Home, Step 2, Stressful Experiences, Suitable Products, Time, Time Buyer Mortgage, Variable Rate Mortgage 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 »Fixed or Variable-rate Mortgage?
Posted by admin on December 10th, 2009
“Wow!” you say to your spouse as you hit the brakes on the car. “Did you see the mortgage rate those guys are advertising?” Your worries are over, you’re thinking. Just lock in a rate like that for the next ten years, and you’ve got it made. Not so fast. That rate may not [...]
Posted in Articles Tags: Adjustable Rate Mortgage, Brakes, Closer Look, Financial Institution, Financial Risk, First Time Buyers, Fixed, Fixed Rate Mortgages, Flexible Budget, mortgage, Mortgage Rate, Ontario Mortgage, Ouija Board, Period Of Time, Rate Increases, Risk Tolerance, Roller Coaster, Those Guys, Ups, Ups And Downs, Variable Rate Mortgage, Variablerate, Worries No Comments »Mortgage Security not That Costly
Posted by admin on December 6th, 2009
Forget everything you thought you knew about the benefits of taking a variable-rate mortgage instead of locking in for the long term. A new study suggests the security of a five-year mortgage costs little or nothing beyond a riskier variable-rate mortgage, providing you get a jumbo-sized rate discount. “Interest costs on discounted closed [...]
Posted in Articles Tags: Ali Manouchehri, Amortized, Amp, Belief That, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Cmhc, Costly, Economist, Fixed Rate Mortgages, Interest Costs, mortgage, Mortgage Costs, Mortgage Rate, Prime Lending Rate, Prime Rate, Quot, Real World, Security, Variable Rate Mortgage, Variable Rate Mortgages, World Mortgage, Year Mortgage No Comments »