Online Support for CT Loan Calculator


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Glossary of Terms

Mortgage[wikipedia] a loan obtained through the conveyance of property as security.
Interest Rate[dictionary] the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Term[mtgprofessor] the number of years to pay back the loan
Adjustable Rate Mortgage[investopedia] a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets
Fixed Rate Mortgage[bankrate] A mortgage in which the interest rate remains fixed for the length of the term

Interests Rates & Home Ownership Rates