Mortgage Calculator
What is a Mortgage?
A mortgage is a legal instrument that brings security to a lender when he or she passes money to a borrower. It's a lien on a real estate property used to secure repayment of the money borrowed to purchase a house.
The interest in property is transfered to the mortgage lender, who have the responsability to return this interest to the owner when the debt is totally paid. If a borrower fails to pay the loan, the lender has the right to take the property.
Mortgage Calculator
Mortgage Rates
| Mortgage Type | Today | Last Week | Change |
| 15 Year Fixed | 4.515% | 4.507% | 0.008% |
| 30 Year Fixed | 5.020% | 5.053% | -0.033% |
| 1 Year ARM | 3.370% | 3.428% | -0.058% |
| 3/1 Year ARM | 3.506% | 3.534% | -0.028% |
| 5/1 Year ARM | 3.548% | 3.566% | -0.018% |
Mortgage Widget
