Beverly Hills Real Estate

Mortgage Dictionary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A

ADJUSTABLE-RATE-MORTGAGE (ARM)

A mortgage that permits the lender to periodically adjust the interest rate on the basis of changes in a specified index.

AMORTIZATION

The gradual reduction of the mortgage debt through regularly scheduled payments over the term of the loan.

ANNUAL PERCENTAGE RATE (APR)

The measure of the cost of credit stated as a yearly rate; includes such items as the stated interest rate, plus certain charges.

APPRAISAL

A written estimate or opinion of a property's value prepared by a qualified appraiser.

ASSUMPTION

The act of becoming responsible for the repayment of a loan not originally in your name.


Educational Resources

WHY GRAND AVENUE REALTY & LENDING

You need mortgage professionals you can trust. You need a company that values honesty and integrity throughout the entire organization. You need mortgage planning specialists who give you their best consistently. You need to find strength, stability and opportunity—especially now. You need New Century Realty & Lending!

When dealing with your home financing, we are not only working with one of your largest personal financial investments; we also are handling one of your biggest dreams. Since we work with matters so close to the heart, we serve you from ours.

New Century Realty & Lending can meet you where you are and help you where you are going. Let us provide you a mortgage without obstacles.

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