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Mortgage Refinancing in Arabi, Louisiana.
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Appraisal In real estate, an estimate of the quality or value of property; the process by which conclusions of the value of property are obtained; also refers to the report setting forth the estimate of value together with the basis for such conclusions.
First Mortgage A real estate loan with a lien (i.e., mortgage or deed of trust) on the subject property that has priority over any subsequently lien or financial encumbrances.
Fixed-Rated Mortgage A mortgage on which the interest rate is set for the term of the loan.
Simple Interest Interest which is computed only on the principle balance.
