Tag: mortgage

What is 'Tandem Loan' Two loans taken out on one asset, which is usually a house; the secondary loan is normally added...

By definition, a teaser loan, also called an adjustable rate mortgage loan, is where the interest is paid at a very low rate by...

What is 'Take-Out Commitment' A specific type of mortgage purchase agreement. Under a take-out commitment, a long-term investor agrees to buy a...

What is 'Take-Out Lender' A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing,...

What is a 'Take-Out Loan' A type of long-term financing (usually) on a piece of real property. Long-term take-out loans replace interim...

What is 'Dealer-Median Prepayment Speed' The median value of all Wall Street securities dealers' prepayment speed estimates for the underlying mortgages used...

What is a dangerous asset and why are they so risky A dangerous asset is an investment that carries a high degree of risk. While...

What is data smoothing and why do we need it Data smoothing is a technique used to reduce the noise or random fluctuations in data....

What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is...

What is a tax deduction and how does it work A tax deduction is an expense that can be subtracted from your taxable income. This...