MortgagesMortgage Terms Explained: ARM ARM stands for Adjustable Rate Mortgage.
This is a specific type of loan that charges interest at a set period on a rate that is based on a financial...
Mortgage Terms Explained: Bridge Loan A bridge loan, is bridging loan, is actually quite a descriptive term.
It refers to a loan that bridges the gap often experienced by those in a chain -...
Mortgage Terms Explained: Buy To Let Buy to let is the phrase used to describe when a person buys a house not to live in, but rather to rent out an get a good rental income from (yield).
There...
Mortgage Terms Explained: Capitalisation Rate The capitalisation, or capitalization rate, refers to the percentage rate (estimated) of return a property will produce on the owner's investment.
In simple...
Mortgage Terms Explained: Caveat Emptor Caveat emptor is used in many financial situations where there is a buyer or seller, and you may hear it referred to in mortgage scenarios, too.
If you are...
Mortgage Terms Explained: Collateral You might hear the phrase collateral used in relation to a mortgage and the mortgage process.
Collateral refers to a property that is used as a security...
Mortgage Terms Explained: Principal In mortgage terminology, the term 'principal' refers to the total amount of debt left on a loan.
Note that very importantly this term does not include the...
Mortgage Terms Explained: Yield The yield is often used in the parlance of those who buy properties as an investment.
You will hear the yield on a buy to let property, expressed as a...
Types Of Equity Release Scheme The two main types of scheme...
What To Ask At A Mortgage Meeting Put your mortgage on it...
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