Yield Curve: This is a graph that helps people see interest rates and when they occurred at different periods in time.
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Tag: rates
Variable Rate loans mortgage terminology definition
Variable Rate: Also known as an adjustable rate, this is an interest rate that can change over time. Usually variable or adjustable interest rates can only change a specified amount within a certain amount of time. Variable rates also usually have a cap t
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Variable Rate loans mortgage terminology definition
Variable Rate: Also called an adjustable rate, this is an interest rate that changes. The changes in interest rates usually occur with fluctuation in the current market.
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Refinancing loans mortgage terminology definition
Refinancing: Getting a new mortgage loan that replaces and pays your existing mortgage loan in full. This is like getting an entirely new mortgage loan, and is usually done in order to lower interest rates on a current mortgage loan or take cash out of th
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Property Taxes loans mortgage terminology definition
Property Taxes: The amount of money you pay to the local government depending on the assessed value of your home and the local cost of levies and tax rates. This payment may be part of your mortgage payments.
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Points loans mortgage terminology definition
Points: Usually one point is 1% of the mortgage loan amount that is paid as an up front finance charge. Points are paid in order to negotiate lower interest rates on a loan. Sometimes, if you pay more points at the beginning of your mortgage when you orig
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Introduction to Refinance – video clips tips
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Really cheap mortgage home rates – video clips tips
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Introduction to Home Mortgage – video clips tips
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