Finance Mortgage Interest Calculator

Top Articles

Interest (finance) - In finance, interest has three general definitions.

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Shared appreciation mortgage - A mortgage in which the lender agrees to an interest rate lower than the prevailing market rate, in exchange for a share of the appreicated value of the collateral property. The share of the appreciated value is known as the contingent interest, which is determined and due at the sale of the property or at the termination of the mortgage.

Commercial mortgage - A Commercial Mortgage is a loan made on real estate collateral, other than a residential property, in which a mortgage is given to secure payment of principal and interest, or just interest alone.

Suggested Web Sites

Astute Mortgages - Provides product information including mortgage brokers and interest rates, calculators and glossary.

Mortgage-UK - Calculates the true cost of a mortgage (particularly UK mortgages) and compares the effect of different interest rates and overpayments. [Win 95/98/Me/NT/2000/XP]

BAC Mortgage Calculator - A program to calculate mortgage repayments. Enter the amount to borrow the interest rate of the borrower and the number of years for the repayments.

Source: BazSites.com

Web Links

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