Online Support: Mortgage Calc


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Mortgage Terms

Mortgage[wikipedia] an agreement that allows you to borrow money from a bank or similar organization by offering something of value, esp. in order to buy a house or apartment, or the amount of money itself
Interest Rate[dictionary] The usual way of calculating interest - as a percentage of the sum borrowed.
Term[mtgprofessor] how many years the borrower has to repay the mortgage
Adjustable Rate Mortgage[investopedia] An adjustable-rate mortgage is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan
Fixed Rate Mortgage[bankrate] A mortgage in which the monthly payment based on interest does not change

Interests Rates & Home Ownership Rates