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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.

  1. Denton [Visitor]

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    Thank you.

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