Dayton Ohio Real Estate and Mortgages » Dayton Ohio Mortgage Broker Terms: Revealed

Dayton Ohio Mortgage Broker Terms: Revealed

Whether you are a seasoned home buyer or a first time buyer in Dayton Ohio these are the words that a Mortgage Broker in Dayton Ohio is going to use. A good Loan Officer will explain your mortgage from top to bottom but if you have questions and can’t get them answered, you must read below:

Mortgage Broker Terms in Dayton Ohio:

Adjustable Rate Mortgage- A Mortgage that permits the lender to periodically adjust the interest rate so that the rate reflects fluctuations in the cost of money. Also referred to as an ARM.

Amortization Schedule- A table or chart that shows the periodic payments, interest and principal requirements, and unpaid loan balance for each period of the life of the loan.

This entry was posted on Tuesday, February 26th, 2008 at 9:32 pm and is filed under Mortgage Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Denton [Visitor] said at December 31st, 1969 at 4:00 pm
Your post is very informative. I am impressed with the layout of your article. Keep up the good work!
Thank you.

Barry