Mortgage are frequently referred to as home mortgages, but a home mortgage is actually a charge over a residential or commercial property.

APR - The APR is the annual cost of the loan and includes fees (such as mortgage insurance, most closing costs, discount points and loan origination fees) indicating the total cost of the loan.

For a twenty years draw duration, this calculator helps figure out both your interest-only payments and the impact of picking to make additional principal payments.

The voluntary transfer of a title deed by the borrower to the lender in order to please a defaulting loan (therefore preventing foreclosure procedures).

A short sale or deed in lieu may assist prevent foreclosure or a shortage.