Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
Short-term (usually for five years or less)
in which (unlike in a term loan) the
over a fixed
is paid over the term of the loan. When the
ends (mortgage matures) the
letter of credi...
You Also Might Like...
Deed of Trust vs. Mortgage
When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common ...
Term Life Insurance vs. Whole Life Insurance
When choosing a life insurance policy two of the main types of plans available are term life insurance and whole life insurance. There are major differences between the two types of policies and this article will assist you with making the choice ...
How to Finance a Short Sale
A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the ...
Types of Small Business Loans
Copy & paste this HTML in your website to link to this page
Mentioned in These Terms
long term mortgage
Browse Dictionary by Letter: