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Definitions (185)
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YIELD-TO-MATURITY
Concept used to determine the rate of return an investor will receive if a long-term, interest-bearing investment, such as a bond, is held to its maturity date. It takes into account purchase price, r [..]
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Workout
Attempt to resolve a problematic situation, such as a bad loan.
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Uniform Residential Loan Application
This application, also called a 1003 is the standard loan application used by all residential lenders.
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VA loan
Government insured loan guaranteed by the Department of Veterans Affairs, requiring very low or no down payments and with generous requirements for qualification. They are available only to veterans o [..]
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VA Loan
Government insured loan guaranteed by the Department of Veterans Affairs, requiring very low or no down payments and with generous requirements for qualification. They are available only to veterans o [..]
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Truth-in-Lending Act
A federal law requiring the disclosure of credit terms using a standard format. This is intended to facilitate comparison of loan terms between financial institutions.
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Truth-In-Lending Act
A federal law requiring the disclosure of credit terms using a standard format. This is intended to facilitate comparison of loan terms between financial institutions.
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Underwriting
The process of deciding whether to make a loan based on credit, employment, assets other factors.
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TITLE SEARCH
An examination of public records to disclose the past and current facts regarding the ownership of a given piece of real estate.
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TERM
The length of a loan.
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