Mortgage Loan Term Dictionary
How much do you know about your mortgage? Do you have a fixed or is it adjustable? What is your interest rate and APR? Is there a balloon payment due at any point? Are the monthly payments being applied to the principal of the loan?
If you don't know the answers to these questions you should go to your desk, safe, firebox, sock drawer and pull out the copy of your mortgage and settle in for a nice evening of reading. Chances are you are going to have questions as to the terms in the document. That is where this week's Homeowner Web Resource comes in.
Fire up your computer and go over to the Mortgage Loan Term Dictionary and get ready to be enlightened as to your mortgage commitment.
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