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Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Mortgage Life Insurance - Mortgage Life Insurance is a form of insurance specially designed to protect a repayment mortgage. If the policyholder were to die whilst the mortgage life insurance was in force, the policy will pay out a capital sum that will be just sufficient to repay the outstanding repayment mortgage.

Mortgage button - A Mortgage Button is a plug, typically made of ivory, which marks the payment in full of a mortgage on a house. According to the mortgage button is placed over a hole drilled in the staircase, which contains the mortgage or its ashes.

Vital rates - Vital rates refer to how fast vital statistics change in a population (usually measure per 1000 individuals). There are 2 categories within vital rates: crude rates and refined rates.


Suggested Web Sites

Unisource Mortgage Canada - Mortgage brokers offering low mortgage rates from all major lenders in Canada. On-line applications, daily rates, mortgage placement and advice.

Premier Mortgage - Mortgage only lender offering conventional, VA/FHA, jumbo, fixed rate, adjustable, and new construction loans. Locate information on these various types of mortgages, and find the current mortgage rates.

Mortgage-X - Mortgage calculators, rates and rate trends, homebuying and ownership articles, and a loan inquiry form.

Source: BazSites.com

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