Interest rate
Interest rate An interest rate on a mortgage loan is the cost you will pay each year to borrow the money, expressed as a percentage […]
596 total views, 0 today
Interest-only loan
Interest-only loan An interest-only mortgage is a loan with scheduled payments that require you to pay only the interest for a specified amount of time.
615 total views, 0 today
Initial escrow deposit
Initial escrow deposit An initial escrow deposit is the amount that you will pay at closing to start your escrow account, if required by your lender.
632 total views, 0 today
Initial adjustment cap
Initial adjustment cap An initial adjustment cap is typically associated with adjustable rate mortgages (ARMs). This cap determines how much the interest rate can increase […]
598 total views, 1 today
HUD-1 settlement statement
HUD-1 settlement statement The HUD-1 Settlement Statement lists all charges and credits to the buyer and to the seller in a real estate settlement, or […]
582 total views, 0 today
Home purchase price
Home purchase price A home’s purchase price is the amount agreed to by the buyer and seller to be paid to the seller to purchase […]
622 total views, 0 today
Homeowner’s insurance
Homeowner’s insurance Homeowner’s insurance pays for losses and damage to your property if something unexpected happens, like a fire or burglary. When you have a […]
580 total views, 0 today
Homeowners’ Association (HOA)
Homeowners’ Association (HOA) A homeowners’ association (HOA), is typically formed to manage shared expenses such as landscaping and other maintenance costs for a planned subdivision […]
640 total views, 0 today