An investor purchases a property for $600,000 using a $150,000 down payment. The property value increases to $660,000. What is the return on equity (appreciation only)?

Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.

The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.

A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.

The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.