The highest rate possible under an ARM contract; same as 'lifetime cap.' It is often expressed as a specified number of percentage points above the in ...
Every ARM is tied to an interest rate index. An index has three relevant features:availibility, level, volatility. All the common ARM indexes are read ...
On an ARM, an amount (usually two to three percentage points) that is added to the interest
rate index to obtain the interest rate charged the borrow ...
A mortgage that does not meet the purchase requirements of the two
federal agencies, Fannie Mae and Freddie Mac, because it is too large or for othe ...
This calculator will amortize your mortgage over the loan period based on your input. To see a breakdown by payment, select the Full Loan Amortization ...
Discover your potential monthly savings by combining your bills into a single source. Eliminate high interest rate credit card and installment loans w ...
Have a question or comment? We're here to help.