FM Lending Blog: Understanding Mortgage Lending Terminology
Jul 24, 2012 . And, second, when calculating APR, life of the loan is assumed to be full-term. When a 30-year mortgage pays off in 7 years or fewer as .
Rate and Term Refinance - The Truth About Mortgage.com
The refinance loan will come with a new interest rate (hopefully lower) and mortgage term. The existing mortgage is effectively paid off by the opening of the new .