Online Technical Support: Mortage Calculator


Interests Rates & Home Ownership Rates

mortgage definitions finance reference


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Mortgage Terms

Mortgage[wikipedia] a loan obtained through the conveyance of property as security.
Interest Rate[dictionary] The percentage of a loan that is charged as interest by the lender to the borrower, expressed as an APR (annual percentage rate) of the remaining loan
Term[mtgprofessor] the years allowed to pay back a mortgage loan
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 interest rate does not change throughout the term