Mortgage   Everything you need to know about mortgages.

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what is...
RATE
A percentage of the monthly mortgage payment paid to the lender.
ALSO SEE: INTEREST ACCRUAL RATE, ONE-YEAR ADJUSTABLE, FIXED RATE MORTGAGE, ADJUSTMENT INTERVAL, WRAPAROUND MORTGAGE, ASSUMABLE MORTGAGE, CONVERSION OPTION, BALLOON MORTGAGE, MONTHLY PAYMENT, NEGATIVE POINTS, INTEREST RATE, TEASER RATE, FLOAT-DOWN, REFINANCE, 3.95% ARM, BUY-DOWN, FLOAT, COFI, LOCK, APR, ARM

    Courtesy of the Mortgage Glossary
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