Help - CT Mortgage Calculator

Glossary

Mortgage[wikipedia] a loan obtained through the conveyance of property as security.
Interest Rate[dictionary] the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Term[mtgprofessor] the years allowed to pay back a mortgage loan
Adjustable Rate Mortgage[investopedia] a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets
Fixed Rate Mortgage[bankrate] A mortgage in which the monthly payment based on interest does not change

Interests Rates & Home Ownership Rates

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