Principal On Loan
Any time you borrow money, there are two components to the transaction. There’s principal, and there’s interest. In this post, we define “principal”.
Mortgage Term
Let’s talk about what a mortgage term is, and what that might mean to you, as a buyer.
What Amortization Period Is Right For You?
In this post, we look at a ten dollar word associated with mortgages: amortization.
Variable Rate
WHAT’S THAT? VARIABLE RATE? An adjustable rate may be right for you. Last time around we talked about fixed interest rates. In our simple example we borrowed $100 for a year, and paid 4.0% interest (or $4) to do so. The total amount owing after 12 months was $104. Variable rate mortgages on the other…
Meet the Notary Public
To protect both parties, it’s recommended that an independent third party, such as a notary public, be hired.
Define Lien
What is a lien? In this post we define it and talk about what it might mean to a home buyer.