by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Amortization is the is the schedule which determines your monthly payment on a loan. In an amortized loan, you will make regular payments based on a schedule that was created when you are approved for the loan. Your amortization schedule will detail how much of each...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
An Adjustable Rate Mortgage, or ARM for short, is a loan with a mortgage rate that adjusts annually depending on market conditions. Typically, these types of mortgages have a fixed rate for a specified amount of time which is then followed by an adjustment period. In...
