Mortgage Terms A

 

It is provided for information only.

A to Z of mortgage terms

A
Advance

The amount you borrow from the lender.

Annual Percentage Rate (APR)
The total charge for the loan including fees and interest expressed as a percentage.

Applied or Nominal Interest Rate
The rate used to calculate the interest due.

Arrears
Mortgage payments which have not been paid as requested and have become overdue