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   N |  O |  P |  Q |  R |  S |  T |  U |  V |  W |  X |  Y |  Z
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Mortgages and home loans glossary and terms

With so many terms used during typical mortgage loans applications sometimes its difficult to know.
Money is something that we either have or we do not. At defined stages in our life it can appear that we usually have a never ending quantity of cash at hand, at other points in times it can be hard to even put food on the table. There are some fantastic folk out there that may budget particularly well and they know precisely where ever buck is and where it has to go, however for most people, this is not the arranged situation that we are in.

When bad luck strikes, without reference to the reason or circumstances, payday advance loans can supply you with desirable relief to help you escape from a bad financial footing. It's important to note early on nevertheless that it's not smart to get yourself out of one bad financial footing thru getting cash advance pay day loans, only to get yourself into further debt that you are going to struggle to reimburse. You need to only consider fast and easy loans , for example cash advance pay day loans, when your need is positively swift and you are completely conscious that, on your really next pay-day, you'll be either able to pay back the complete amount or the bank stipulated installment amount easily and cost effectively.

What would classify as a fast need? Circumstances that will need you to get a cash advance would usually include emergencies only. Wanting a new driver for your golfing game on Sat, or needing to buy that shocking pair of high-heeled boots, shouldn't be one of your reasons for getting cash advance pay day loans. Though these purchases could seem like an emergency to you, the high interest applied to several advance pay-day loans will mean that you might finish up laying out more for these products than you must. The government knows this and applies strict rules. Emergency circumstances will vary greatly from individual to individual and family to family, and very often, and emergency will appear when it is least expected. Money advance pay day loans are quick and simple, even for the ones that typically stress about filling in forms and completing obligatory documentation. The forms are straightforward, the approval procedure is quick and painless, and the cash can be in your account with lightening speed.

They seem to be a blessing for anybody experiencing an emergency, who finds they do not have the funds available till their next pay cycle. Pay for your emergency, get yourself out of hot water, and then make a reasonable budget in order to reimburse the loan in total punctually.

With the help of our financial glossary of terms, you can research at your own pace so that you can select the loan that fits your needs:

 

 

A Back to Top
  • Acceleration
  • Adjustable Rate Mortgage (ARM)
  • Adjustment Interval
  • Amortization
  • Amortization Term
  • Annual Percentage Rate (APR)
  • Application Fee
  • Appraisal
  • Appraisal Report
  • Assessment
  • Assumption

     

     

    B Back to Top
  • Balloon Payment
  • Blanket Mortgage
  • Borrower (Mortgagor)
  • Broker
  • Buy-down

     

     

    C Back to Top
  • Caps (interest)
  • Caps (payment)
  • Cash Flow
  • Cash Out
  • Ceiling
  • Certificate of Eligibility
  • Certificate of Reasonable Value (CRV)
  • Certificate of Title
  • Certificate of Veteran Status
  • Closing
  • Closing Costs
  • Collateral
  • Combined Loan to Value
  • Commitment
  • Construction Loan
  • Contract Sale or Deed
  • Conventional Loan
  • Credit History
  • Credit Limit
  • Credit Report
  • Credit Repository

     

     

    D Back to Top
  • Debt
  • Debt Service
  • Debt-to-Income Ratio
  • Deed of Trust
  • Default
  • Deferred interest
  • Delinquency
  • Department of Veterans Affairs (VA)
  • Discount Points (or Points)
  • Down Payment
  • Due on Sale Clause

     

     

    E Back to Top
  • Earnest Money
  • Effective Interest Rate
  • Encumbrance
  • Entitlement
  • Equal Credit Opportunity Act (ECOA)
  • Equity
  • Escrow

     

     

    F Back to Top
  • Fair Credit Reporting Act
  • Farmers Home Administration (FmHA)
  • Federal Home Loan Mortgage Corporation (FHLMC), Freddie Mac
  • Federal Housing Administration (FHA)
  • Federal National Mortgage Association (FNMA), Fannie Mae
  • FHA Loan
  • FHA mortgage insurance
  • FHLMC
  • FICO score
  • First Mortgage
  • Fixed Rate Mortgage
  • Flood Insurance
  • FNMA
  • Foreclosure

     

     

    G Back to Top
  • Good Faith Estimate
  • Grace Period
  • Graduated Payment Mortgage (GPM)
  • Gross Income

     

     

    H Back to Top
  • Hazard Insurance
  • Home Equity Line of Credit
  • Home Equity Loan
  • Housing Expenses-to-Income Ratio
  • HUD I Settlement Statement

     

     

    I Back to Top
  • Impound
  • Index
  • Interest Rate
  • Interim Financing
  • Investor

     

     

    J Back to Top
  • Jumbo Loan

     

     

    K Back to Top

     

     

    L Back to Top
  • Lender
  • Lien
  • Loan-to-Value Ratio

     

     

    M Back to Top
  • Margin
  • Market Value
  • Minimum Payment
  • MIP (Mortgage Insurance Premium)
  • Mortgage
  • Mortgage Insurance
  • Mortgage Loan
  • Mortgagee
  • Mortgagor

     

     

    N Back to Top
  • Negative Amortization
  • Net Effective Income
  • Non Assumption Clause
  • Note

     

     

    O Back to Top
  • Office of Thrift Supervision (OTS)
  • Origination Fee

     

     

    P Back to Top
  • Permanent Loan
  • PITI
  • Power of Attorney
  • Prepaid Expenses
  • Prepayment
  • Prepayment Penalty
  • Primary Mortgage Market
  • Principal
  • Private Mortgage Insurance (PMI)

     

     

    Q Back to Top
  • Qualifying Ratios

     

     

    R Back to Top
  • Rate
  • Realtor
  • Recision
  • Recording Fees
  • Refinance
  • Renegotiable Rate Mortgage
  • RESPA
  • Reverse Annuity Mortgage (RAM)
  • Right to Rescission

     

     

    S Back to Top
  • Second Mortgage
  • Secondary Mortgage Market
  • Security Interest
  • Servicing a Loan
  • Shared Appreciation Mortgage (SAM)
  • Simple Interest
  • Survey
  • Sweat Equity

     

     

    T Back to Top
  • Title
  • Title Insurance
  • Title Search
  • Total Debt Ratio
  • Truth-In-Lending Act
  • Two-Step Mortgage

     

     

    U Back to Top
  • Underwriting
  • Usury

     

     

    V Back to Top
  • VA Mortgage Funding Fee
  • Variable Rate
  • Variable Rate Mortgage (VRM)
  • Verification of Deposit (VOD)
  • Verification of Employment (VOE)

     

     

    W Back to Top
  • Warehouse Fee
  • Wraparound mortgage

     

     

    X Back to Top

     

     

    Y Back to Top

     

     

    Z Back to Top




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