A fixed-rate mortgage is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan.
A variable rate mortgage is a mortgage where the interest rate may change periodically during the term of the mortgage.
An interest rate that is allowed to fluctuate, but which cannot surpass a stated interest cap.
Buying rental properties is a great way to invest your money, but qualifying for a long on an investment property is not always easy.
Being your own boss can come with a host of perks such as setting your own dress code, a flexible schedule and a cubicle-less existence.
A line of credit (LOC) loan, also known as a home equity loan, enables borrowers to draw funds out of the equity in their property as and when needed.