On-line Help - Dynamic Mortgage Calculator


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Glossary of Terms

Mortgage[wikipedia] a conveyance of an interest in property as security for the repayment of money borrowed.
Interest Rate[dictionary] The usual way of calculating interest - as a percentage of the sum borrowed.
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 monthly payment based on interest does not change

Interests Rates & Home Ownership Rates