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135 Results for Tag: mortgage

A Brief Guide to Extending Your Mortgage Offer

It has been an incredible last 12 months for the housing market. The stamp duty holiday has led to near record breaking numbers of people looking to move and on top of this, we have seen

Hard Loan

Hard Loan What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a reputation abroad for economic strength (a hard currency). Explaining

Home Equity Loan

DefinitionA home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the val

Hammering

DefinitionA hammer is a tool or device that delivers a blow to an object. Most hammers are hand tools used to drive nails, fit parts, forge metal, and break apart objects. Hammers vary in sh

Hazard Insurance

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that combines various persona

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

In-Service Withdrawal

In-Service Withdrawal What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event, such as reaching

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

Yellow Knight

Yellow Knight What is 'Yellow Knight' A company that was once making a takeover attempt but ends up discussing a merger with the target company. Yellow knights have various reasons for bac

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
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