Closing Costs Dictionary

Closing Costs Dictionary

We know that many potential homeowners can be surprised by the number of closing costs that are involved with buying a new home. It’s important to remember that buying or refinancing a home is a complex financial transaction, and there are several 3rd parties that are...
Mortgage Dictionary

Mortgage Dictionary

Adjustable Rate Mortgage (ARM): Mortgage in which the rate of interest is adjusted based on a standard rate index. Most ARM’s have a cap on how much the rate may increase. Amortization: The process through which the mortgage debt is altered usually declining, as...