Long Beach Island NJ (LBI NJ) Real Estate Market Amortization Understanding LBI Real Estate Annual Percentage Rate An annual percentage rate, also known as an “APR”, is a value derived by a formula to reflect the true cost of borrowing money. This is expressed as a percentage that shows the true cost of the loan READ MORE
Tag: LBI Real Estate Term
Amortization in the LBI Real Estate Market
Long Beach Island NJ (LBI NJ) Real Estate Market Amortization Amortization in the LBI Real Estate Market Amortization means “to kill slowly” and refers to the reduction of the principal balance of a mortgage loan. The monthly payment will, among other things like insurance and property taxes, consist of a principal and interest payment. At READ MORE
LBI Real Estate Adjustable Rate Mortgage
Long Beach Island NJ (LBI NJ) Real Estate Market and Adjustable Rate Mortgages LBI Real Estate Adjustable Rate Mortgage andLong Beach Island Real Estate An adjustable rate mortgage is a type of loan product in which the interest rate is not fixed, but rather will change depending on the terms of the loan and the READ MORE
LBI Real Estate Acceleration Clause
Long Beach Island NJ (LBI NJ) Real Estate Market Acceleration Clause What is an Acceleration Clause andLong Beach Island Real Estate An acceleration clause is a provision written into most mortgages that allows the lender to call, or make payable, the entire loan amount. In order to do so certain criteria which are defined in READ MORE