Tag: mortgage

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 is one to the measures that are used by the lenders to assess the credit risk of an applicant, and then decide...

What are Fixed Interest Rates There are several factors involved when you obtain a loan. For instance, when you look for a mortgage,...

How do you find the real rate? The real interest rate can be calculated by removing the inflation rate from the current nominal interest...

What is 'Baccalaureate Bond' A zero-coupon bond issued by certain states to assist families in saving for college tuition by means of...

What is 'Occupancy Fraud' A type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner...

What is Qualified Acquisition Cost Qualified Acquisition Cost (QAC) is a measure of the costs incurred by a company to acquire or develop new products...

What is 'Z-Bond' The final tranche in a series of mortgage-backed securities that is the last one to receive payment. Used in...

What is 'ABA Bank Index' A banking index that is made up of community banks and banking institutions. This index was created...

What is 'Qualification Ratio' Ratio of debt to income and housing expense to income that is used by mortgage lenders to determine...