Buying a home in today’s marketplace is a bit intimidating.
March 5th, 2010
Buying a home in today’s marketplace is a bit intimidating.
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.
