Tag: monthly

What are National Insurance Contributions (NIC)? National Insurance contributions (NIC) are payments made by employees and employers into the National Insurance scheme. The money is...

Definition The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first...

What is 'One Percent Rule' A rule of thumb used to determine if the monthly rent earned from a piece of investment...

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...

DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...

What is a Rate-Improvement Mortgage A rate-improvement mortgage is a type of home loan that offers a lower interest rate than the standard fixed-rate mortgage....

If you're like most homeowners, your mortgage is probably the biggest financial commitment you've ever made. So if you're thinking of refinancing, it's important...

What is 'SAMA Foreign Holdings (Saudi Arabia)' A Saudi Arabian sovereign wealth fund. The fund is controlled by the Saudi Arabian Monetary...

The consumer price index (CPI) is metric that denotes prices of goods and services including food items, transportation, medical care, and others used by...

What is 'Past Due Balance Method' A system for calculating interest charges based on any outstanding loan or credit charges that remain...