Tag: lenders
Hard Money Loan
DefinitionA hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money...
Hard Inquiry
What is 'Hard Inquiry' A type of credit report check that may lower an individual's credit score. A hard inquiry occurs when...
VA Loan
DefinitionA VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The program is for...
FICO Score
FICO score is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide...
Qualification Ratio
What is 'Qualification Ratio' Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine...