[MORTGAGES & LOANS] Mortgage Glossary

MORTGAGES & LOANS has posted a new item, 'Mortgage Glossary'


Mortgage Glossary

Adjustable Rate Mortgage - A mortgage in which the interest rate and payment
changes periodically over the life of the loan based on changes in a specified
index. The changes are usually subject to a cap.

Amortization – The payment [...]

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