Sep 15, 2010

Glossary of loan terms loan

The following is a glossary of terms used by loan and mortgage:

1 - Annual Percentage Rate:
A definition of the intention to identify the true cost of borrowing on a loan or a mortgage ... and provide the customer a method for comparing the costs of a loan or mortgage.

2-What bad credit: This is credit that has fallen into arrears or have not been paid on time .... This is sometimes called adverse credit.

3-what bridge loan: A short-term loan (bridge) the period between buying a property and the sale of a prior period.

These are some of the Glossary of terms for the loan and will add more of them in the near future .. only Stay tuned