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I'm so glad you stopped by the blog! Think of this as a virtual chat between friends over coffee (or wine!) about local happenings, the local real estate market, home styling and information to inform and empower you when it comes to your biggest financial asset - your home.
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Escrow Terms to Know
adjustable-rate mortgage (ARM) A mortgage whose interest rate changes periodically based on the changes in a specified index. View a list of common indices. adjustment date The date on which the interest rate changes for an adjustable-rate mortgage (ARM). adjustment period The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM). amortization […]
