– Mortgage Glossary. Glossary of Mortgage Terms. 401(k) A tax-deferred retirement savings account that allows employees to contribute a fixed amount of their income until withdrawn. A.. A type of mortgage loan that is offered to individuals with poor credit. T.
Mortgage loan – Wikipedia – A mortgage loan or, simply, mortgage (/. to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending.
Pre-approved vs. Pre-qualified for a Home Loan | Zillow – When you want to make an offer on a house, chances are the seller will want to know whether you’re pre-approved or pre-qualified for a loan. What difference does it make? It depends on you who ask. We’ll explain. The end goal is the same: to give sellers the confidence to accept your offer. So.
What are the most important mortgage loan terms I need to know? – Taking on a loan or mortgage is a big financial commitment, so rather than letting the technical terms stump you, here is a glossary of important acronyms and terms. There are many more, but these.
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CARRYING THE WEIGHT: SHOULD THE WORLD WORRY ABOUT AMERICA´S CORPORATE-DEBT MOUNTAIN? / THE ECONOMIST – All told such debts are now roughly the same size as subprime mortgage debt was in 2007, both in absolute terms and as a share of the broader. This is to focus on the market for so-called.
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FHA Mortgage Terms Glossary – FHA Home Loans – Mortgage Loan-A loan which utilizes real estate as security or collateral to provide for repayment should you default on the terms of your loan. The mortgage or Deed of Trust is your agreement to pledge your home or other real estate as security. Mortgagee-The lender in a mortgage loan transaction.
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Glossary of Mortgage Terms | Mortgage Equity Partners – A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold (subject to the terms of the security instrument). duplex Dwelling divided into two units.
Mortgage – Glossary and Definitions – Wells Fargo – The Loan Estimate provides an estimate of closing costs and fees as well as the loan terms. loan modification An agreement to revise the terms of a mortgage, often used to help qualified customers bring their mortgage current or reduce their mortgage payment. Loan purpose Indicates whether the loan is intended for purchasing or refinancing real.