Finance Charge: the cost that is total of credit. The finance charge may include other costs such as cash-advance fees besides interest charges.
First Mortgage: the principal loan for an estate property that is real. This loan has concern over all the other вЂњsecondaryвЂќ loans.
Fixed Expense: Expenses that donвЂ™t differ from every month; any bill that’s the exact same quantity every thirty days, like lease, mortgage repayments, vehicle re re payments, etc.
Fixed price: mortgage loan for the credit card or loan that stays constant.
Fixed-Rate choice: a true house equity credit line funding choice which allows borrowers to specify the re re payments and interest on a percentage of these stability. This is done once or twice through the life of the mortgage, often for the fee that is additional.
Fixed Rate Mortgage (FRM): home financing with an interest price that stays constant for the duration that is entire of loan. FRMвЂ™s have longer terms (15-30 years) and greater rates of interest than adjustable price mortgages but they are maybe perhaps not at an increased risk for changing interest levels. Continue reading