Finance Charge: the cost that is total of credit. The finance charge may include other costs such as cash-advance fees besides interest charges.
First Mortgage: the principal loan on a real-estate. This loan has concern over all the other вЂњsecondaryвЂќ loans.
Fixed cost: costs that donвЂ™t differ from every month; any bill this is the same quantity every thirty days, like lease, mortgage repayments, automobile re re payments, etc.
Fixed price: mortgage loan for a credit loan or card that continues to be constant.
Fixed-Rate Option: a true house equity personal credit line funding choice enabling borrowers to specify the re payments and interest on a percentage of these stability. This is done several times through the life of the mortgage, often for the extra charge.
Fixed Rate Mortgage (FRM): a home loan with an intention price that stays constant for the duration that is entire of loan. FRMвЂ™s have longer terms (15-30 years) and greater rates of interest than adjustable rate mortgages but they are maybe maybe not in danger for changing interest levels. (more…)