fixed-rate mortgage
121Hybrid ARM — An adjustable rate mortgage blends the characteristics of a fixed rate mortgage and an adjustable rate mortgage. This type of mortgage will have an initial fixed interest rate period followed by an adjustable rate… …
122Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… …
123Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… …
124Annuity (finance theory) — The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in academic discussions of finance, usually in connection with the valuation of the… …
125mortgages — Houses are expensive to buy and few people have enough money of their own. Most people have to take out a mortgage, a type of loan. In Britain people usually get a mortgage from a bank or a building society; in the US they get one from a bank or… …
126Federal Housing Administration — The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934. The goals of this organization are: to improve housing standards and conditions; to provide an adequate home… …
127Interest sensitivity gap — The interest sensitivity gap was one of the first techniques used in asset liability management to manage interest rate risk. The use of this technique was initiated in the middle 1970s in the United States when rising interest rates in 1975 1976 …
128Equity Takeout — Taking money out of a property to use for a variety of purposes. Equity takeout allows homeowners to tap into the equity of their home. When an equity takeover is done on your home, the principal on the value of the mortgage will increase, if… …
