Month: February 2012

Real Estate Terms Explained: Amortized Loan

Amortized Loan: a loan that is paid in equal installments during its term. © 2006 Keller Williams ® Realty, Inc.

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Real Estate Terms Explained: Adjustable Rate Mortgage

Adjustable Rate Mortgage: a mortgage that permits the lender to adjust the mortgage’s interest rate periodically on the basis of changes in a specified index. Interest rates may move up or down, as market conditions change. © 2006 Keller Williams

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