Building Equity
There are quite a few ways to build equity in your home faster than a traditional fixed rate mortgage will allow. Within the first six years of your home, for every dollar you apply towards your mort
http://www.brokeroutpost.com/reference/19406.htm (Updated: 12/02/2007)

Paying Off Mortgage
Paying off your mortgage usually occurs from either refinancing your home or having someone purchase it. It can also occur if you make timely payments over the course of the loan life and or make addi
http://www.brokeroutpost.com/reference/133956.htm (Updated: 07/08/2007)
Related Reference Topics: [mortgage payoff, refinance, debt consolidation, refi]

Negative Amortization
When mortgage payments do not cover the full amount of interest due, and the unpaid interest is added to the principal balance of the loan. Under standard amortization, the principal balance decreases
http://www.brokeroutpost.com/reference/24247.htm (Updated: 05/25/2007)
Related Reference Topics: [principle, interest]

Interest Only
Interest only loans are loans with an initial period of time where the borrower pays only the interest of the loan while the principle balance remains unpaid. This initial period varies from lender to
http://www.brokeroutpost.com/reference/63873.htm (Updated: 10/07/2006)
Related Reference Topics: [i/o, io, interest, only]

Qualifying Ratios
Calculations that are used in determining whether a borrower can qualify for a mortgage. There are two ratios. The "top" or "front" ratio is a calculation of the borrower’s monthly housing costs (prin
http://www.brokeroutpost.com/reference/54415.htm (Updated: 08/24/2006)

What makes up my mortgage payment?
Prinicple, Interest, taxes and Insurance are the main things that make up your mortgage payment. There are other things as well.
http://www.brokeroutpost.com/reference/45223.htm (Updated: 08/11/2006)
Related Reference Topics: [piti, taxes, insurance, principle, interest]

Interest only advantages
An interest only loan is a loan where you only pay the interest that is due each month. Your principle balance always remains the same. One advantage of an interet only loan is that your monthly pay
http://www.brokeroutpost.com/reference/25780.htm (Updated: 03/09/2006)
Related Reference Topics: [interest only, interest, advantage]

Interest Only Mortgage
An interest only mortgage is a mortgage were the borrower(s) pay only the interest payments on the loan. Generally the term of an interest only mortgage is over 30 years with the interest only period
http://www.brokeroutpost.com/reference/13872.htm (Updated: 02/19/2006)

Community Property
Community property is a means of clarifying the ownership of property acquired and the responsibility for debts incurred during marriage. Generally, in states that follow community property principles
http://www.brokeroutpost.com/reference/16250.htm (Updated: 02/18/2006)