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 Tips & Traps When Mortgage Hunting, 3/E Expert guidance to help you find a top broker, low rate, and speedy approval on any mortgage "Tips and Traps When Mortgage Hunting, Third Edition, covers every vital aspect of finding the right mortgage, from finding and locking in the lowest available interest rate to eliminating unwelcome surprises at the closing table. Essential details include strategies for clearing up credit problems before your search begins; resources you can use if you are a first-time home buyer to get the best deal; and new information on working with a mortgage broker, reverse mortgages, proven refinancing strategies, and more.
 The Pocket Mortgage Guide by Jack Guttentag, Everything You Need to Know to Make Getting a Mortgage Simple and Trouble-Free How large a house will you be able to afford? What is PMI, and why do you have to pay it? How can you be sure you're not being taken advantage of? "The Pocket Mortgage Guide gives you the authoritative answers you need to simplify the entire mortgage process. This pocket-sized, value-packed guide features: Painless techniques for trimming years off the life of your mortgage Strategies for including "fix-up" money in your mortgage Guidelines for getting the best deal when shopping for a refinancing loan Handy tables for looking up what your monthly payment would be at different interest rates Your mortgage is the biggest financial commitment you'll ever make, and it's up to you to understand how it works. Learn the facts you need to know to get the house--and mortgage--at the lowest possible cost, in "The Pocket Mortgage Guide.
Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage. Shared appreciation mortgage - A mortgage in which the lender agrees to an interest rate lower than the prevailing market rate, in exchange for a share of the appreicated value of the collateral property. The share of the appreciated value is known as the contingent interest, which is determined and due at the sale of the property or at the termination of the mortgage. Interest Rate Parity - Interest rate parity is the name given to a theory that proposes that the interest rate difference between two countries' currencies is equal to the percentage difference between the forward exchange rate and the spot exchange rate. If S is the spot exchange rate (the price of the foreign currency in local currency for immediate delivery), f is the forward exchange rate, r is the continuously compounded interest rate of the local currency, r^* is the continuously compounded interest rate of ... Interest rate swap - In the field of derivatives, a popular form of swap is the interest rate swap, in which one party exchanges a stream of interest for another stream. Interest rate swaps are normally fixed against floating, but can also be fixed against fixed or floating against floating rate swaps.
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