Tag: mortgage

What is Private Mortgage Insurance Private mortgage insurance is insurance that protects a lender in the event that a borrower defaults on a conventional home...

What is 'Qualified Trust' A tax-advantaged fiduciary relationship between an employer and an employee in the form of a stock bonus, pension,...

What is 'Qualifying Investment' An investment purchased with pretax income. Money invested in a qualifying investment trust, annuity or plan is exempt...

What is a Qualified Mortgage Insurance Premium A qualified mortgage insurance premium (MIP) is a type of mortgage insurance that homebuyers are required to purchase...

DefinitionVantageScore is a consumer credit-scoring model, created through a joint venture of the three major credit bureaus. The model is managed and maintained by...

DefinitionA variable-rate mortgage, adjustable-rate mortgage, or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an...

What is a Quiet Title Action A quiet title action is a legal proceeding used to establish the ownership of real estate when there are...

DefinitionValue date, in finance, is the date when the value of an asset that fluctuates in price is determined. The value date is used...

What is a 'Variable Interest Rate' A variable interest rate is an interest rate on a loan or security that fluctuates over...

What is 'Fairway Bond' A type of bond that accrues interest if the embedded index or interest-rate option underlying the bond remains...