Examlex
In order to determine whether a business model is an appropriate fit for a given firm it is important to consider connected activities and price.
Mortgage
A loan used to purchase a property, secured by the real estate itself, typically paid back over a long term with interest.
Interest
The charge for borrowing money, typically expressed as an annual percentage rate.
ARM
Adjustable Rate Mortgage; a type of mortgage loan where the interest rate varies throughout the loan period based on an index.
Equity
The amount of a home that an owner actually owns.
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