BROWSE

31 Results for Tag: borrower

Hard Money

Hard Money What is 'Hard Money' Hard money consists of funding by a government or organization that is repetitive, rather than a one-time grant. Examples include ongoing government daycare

Yield Maintenance

Yield Maintenance What is 'Yield Maintenance' A prepayment premium that allows investors to attain the same yield as if the borrower made all scheduled mortgage payments until maturity.

Impaired Credit

Impaired Credit What is 'Impaired Credit' A deterioration in the creditworthiness of an individual or entity. This is usually reflected through a lower credit score, in the case of an indi

Yield Spread Premium

DefinitionA yield spread premium is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid

Impound

Impound What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and other required payments fr

Negative Interest Rate Policy

Negative Interest Rate Policy A negative interest rate policy (NIRP) is a monetary policy that is used by central banks to keep negative rates in the country. The rates are kept at below zer

Mandatory Mortgage Lock

Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market with terms that require the seller of the mortga

Mortgage Loan

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds fo

Ability To Repay

Ability To Repay What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was used in the Explaining 'Ability To

Reverse Mortgage

DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insura
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