It is a help when tracing your family history to know something about the origin of and evolution of Irish names and particularly how names have changed over the centuries.
Repayment mortgage. With repayment mortgages you pay the interest and part of the capital off every month. At the end of the term, typically 25 years, you should manage to have paid it all off and own your home.
Mortgage Closing Costs: How They Work. All mortgage loans require closing costs. The costs can be paid by the borrower, by the lender, or by a combination of the two. Mortgages with which a lender pays all closing costs are known as zero-closing cost mortgages. The loan's not free, however. In exchange for paying costs, the mortgage lenders will raise the mortgage rate for a borrower by a nominal amount -- usually 12.5 basis points (0.125%) for a $250,000 loan size. With a zero-closing cost loan, fees of both types -- lender costs and third-party costs -- are paid-in-full. Mortgage lender closing costs may include such items as origination and discount points; underwriting fees; and, document preparation fees. Lender fees are summarized in Section 800 of a Good Faith Estimate.