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Adjustable Rate Mortgage (ARM): This type of mortgage has an
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you an amortization schedule outlining your payment schedule.
Annual
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Cap: This is the
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Depreciation: An overall loss on a property due to age, physical
deterioration, and economic factors.
Discount Point: A buyer can pay the
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loan itself.
Equity: This is the amount of money that you have vested in
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Equity Loan: A loan or line of credit that is based on
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Fixed Interest Rate: An interest rate that remains
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same interest rate and payments for the length of the loan.
Home Equity
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Home Equity Loan: A loan based on the
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Interest: This is the cost for
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