On-line Support: CT Loan Calculator


Interests Rates & Home Ownership Rates




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Glossary

Mortgage[wikipedia] used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged
Interest Rate[dictionary] The usual way of calculating interest - as a percentage of the sum borrowed.
Term[mtgprofessor] the number of years to pay back the loan
Adjustable Rate Mortgage[investopedia] An adjustable-rate mortgage is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan
Fixed Rate Mortgage[bankrate] A mortgage in which the interest rate remains fixed for the length of the term