Housing Bank
A government-owned or -affiliated lender that makes home loans directly to consumers. With minor exceptions, government in the U.S. has never loaned directly to consumers, but housing banks have been widespread in many developing countries. In the first two decades after World War II, about 50 housing banks were formed in the same number of countries.
Popular Mortgage Terms
The portion of the monthly payment that is used to reduce the loan balance. ...
A measure of interest cost on a reverse mortgage. ...
An interest rate index that is used on some ARMs. ...
Acceleration Clause is a contractual provision inserted in a mortgage, a bond, a deed of trust or other credit vehicles, that gives the lender the right to demand repayment of the ...
Assuming responsibility for someone else's payment obligation in the event that that party defaults. ...
The method of financing used when a borrower contracts to have a house built, as opposed to purchasing a completed house. Construction can be financed in two ways. One way is to use two ...
Advice on where to go to get a mortgage. A borrower can always select a loan provider by throwing a dart at the Yellow Pages. A referral is of value if it raises the probability of a ...
Having the builder borrow the money needed for construction. ...
The party who services a loan, who may or may not be the lender who originated it. ...
Have a question or comment?
We're here to help.