On line Tech Support: Mortgage Calc

Glossary and Definitions

Mortgage[wikipedia] a conveyance of an interest in property as security for the repayment of money borrowed.
Interest Rate[dictionary] the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
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 interest rate remains fixed for the length of the term

Interests Rates & Home Ownership Rates

financereferenece.comfinancereference mortgage

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