Part one of term paper
As each American ventures into their journey through the “game of life”; one often begins with finding a home. Some prefer renting; yet, many prefer to buy a home. Buying a home can be exciting and perplexed. Getting the proper information can greatly help ease the anxiety and fears of such a great purchase. The first step for a hom ...

Part two of term paper
... over the life of a loan, even though the proportion of the principal to interest changes over time. In the early part of the loan, principal repayment is very small and interest repayment is very high; at the end of the loan the relationship is high. Annual percentage rate (APR)- the actual finance charge of the loan, including points and loan fees in addition to the stated interest rate. Appraisal-an expert judge of the value or worth of the property. Assessed value- the value placed on a proper ...