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Buying a home in today's marketplace is a bit intimidating. |
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Written by Webmaster
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Saturday, 29 May 2010 |
Adjustable Rate Mortgage (ARM)
Also referred to as a Variable Rate Mortgage. A mortgage in which the interest rate is new real estate adjusted periodically based on a pre-selected index.
Annual Percentage Rate (APR)
An interest rate that reflects the cost of a mortgage as a yearly rate. This rate takes into real commercial estate account any points and fees and is based on the loan going to it's full-term.
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Last Updated ( Saturday, 29 May 2010 )
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