Mortgage Rss Information
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Or copy and paste this URL into your browser: http://www.moreproductsonline.com/mortgage/rss.xml Appreciation: An increase in the value of a property due to market conditions or other
causes. The opposite is depreciation. Balloon Mortgage: A fixed-rate mortgage for a set number of years and then must be paid
off in full in a single "balloon" payment. Balloon loans are popular
with borrowers expecting to sell or refinance their property within a definite
period of time. Bankruptcy: Legal relief from the payment of all debts after the surrender of all
assets to a court-appointed trustee. Assets are distributed to creditors as
full satisfaction of debts, with certain priorities and exemptions. A person,
firm or corporation may declare bankruptcy under one of several chapters of
the U. S. Bankruptcy Code: Chapter 7 covers liquidation of the debtor's assets;
Chapter 11 covers reorganization of bankrupt businesses; Chapter 13 covers
payment of debts by individuals through a bankruptcy plan. The limit placed on adjustments that can be made to the interest rate
or payments such as the annual cap on an adjustable rate loan (ARM) or the
cap on a rate over the life of the loan.
Mortgage Definitions and Factoids
Home Mortgage Definitions 3
Cap:
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