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Tulsa, Oklahoma refinance mortgage

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You are here: Refinance Mortgage > Oklahoma refinance mortgage > Tulsa refinance mortgage > Tulsa
74101 74108 74119 74130 74141 74152 74169 74186
74102 74110 74120 74132 74145 74153 74170 74187
74103 74112 74121 74133 74146 74155 74171 74189
74104 74114 74126 74134 74147 74156 74172 74192
74105 74115 74127 74135 74148 74157 74182 74193
74106 74116 74128 74136 74149 74158 74183 74194
74107 74117 74129 74137 74150 74159 74184
Today's Mortgage Terms starting with A

Accrued Interest:

Interest earned but has not been paid

Additional Principal Payment:

A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.

Adjustable Rate Mortgage:

Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.

Adjustment Period:

Applicable to an ARM, the time between changes in the interest rate.

Amortization:

Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.

Amortization Schedule:

A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.

Annual Percentage Rate (APR):

The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.

Appraisal Fee:

A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.

Assumable Mortgage:

A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

View all Terms
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