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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.
Low rate initial production - Low rate initial production (LRIP) is a term commonly used in military weapon projects/programs, to designate the phase of initial, small-quantity, production of a weapons system, where the prospective first buyer and operator (i.e.
Fixed rate mortgage calculations (USA) - == Fixed rate mortgage calculations ==
UK mortgage terminology - This page gives descriptions of UK mortgage terminology which can often confuse borrowers.
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