Confused by different mortgage terms?
BREATHE easy. The help you need is right here.
Purchasing a home is a smart investment. Yet whether you are buying a home, refinancing or simply renewing, the mortgage you choose is an important decision. Working with an independent mortgage professional is the first thing you can do to ensure the process is simple, convenient, and in your best interest.
SIMPLE INTEREST:
Interest which is computed only on the principal balance. It is not compounded by calculating interest payable on accrued interest.
Use our Mortgage Terms Glossary to learn more about mortgages and the process you’ll go through to obtain one.
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