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Oakland Real Estate Information: Mortgages
Mortgage Amount and Term

The mortgage amount is the amount of money you borrow from a lender to pay for your house. The term is the number of years over which you can pay back the amount you borrow.

The length of your mortgage repayment period will directly affect your monthly mortgage payments.

The most popular mortgage term is 30 years. By extending payment over 30 years, you keep your monthly housing costs low. If you can afford higher monthly payments, you can select a mortgage term that is shorter. There are 20-year, 15-year, and even 10-year fixed-rate mortgages available from most mortgage lenders. The longer your repayment period is, the lower your monthly payments will be, but the total interest you pay over the life of the loan will be more.

Further Oakland mortgage Information:
Oakland mortgages: About Mortgages
Oakland mortgages: Mortgage Amount and Term
Oakland mortgages: Amortization
Oakland mortgages: Fixed or Adjustable Interest Rates
Oakland mortgages: Down Payment
Oakland mortgages: Closing Costs
Oakland mortgages: Discount Points
Oakland mortgages: Conforming and Nonconforming Loans
Oakland mortgages: Fixed-Rate Mortgages
Oakland mortgages: 30-Year Fixed-Rate
Oakland mortgages: 20-Year Fixed-Rate
Oakland mortgages: 15-Year Fixed-Rate
Oakland mortgages: Adjustable-Rate Mortgages (ARMs) (page 1)
Adjustable-Rate Mortgages (ARMs) (page 2)
Adjustable-Rate Mortgages: CD-Indexed ARMs
Oakland mortgages: Adjustable-Rate Mortgages: Treasury-Indexed ARMs
Oakland mortgages: Adjustable-Rate Mortgages: Cost of Funds-Indexed ARMs
Oakland mortgages: Adjustable-Rate Mortgages: Initial Fixed-Period ARMs
Oakland mortgages: Adjustable-Rate Mortgages: Two-Step Mortgage
Oakland mortgages: Government Loans and Programs (General)
Oakland mortgages: Government Loans and Programs: FHA Loans
Oakland mortgages: Government Loans and Programs: VA Loans
Oakland mortgages: Government Loans and Programs: RHS Loans
Oakland mortgages: Government Loans and Programs: State and Local Loan Programs
Oakland mortgages: Balloon Loans


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