Posted on: 22nd Jul, 2005 11:27 pm
Terms for M
- 100% Mortgage
A 100% mortgage is a home loan that is equal to the total sale price or appraised value ...
- MACRS
MACRS (Modified Accelerated Cost Recovery System) is a rule established by the Economic ...
- Medium-term Notes
Medium-term Notes (MTNs) are corporate notes which a company offers its investors ....
- Monetary Policy
Monetary Policy refers to the process of managing a nation's money supply in order to ...
- Monthly Income
Monthly Income refers to an individual's basic monthly salary, plus any additional ...
- Mortgage Finance
Mortgage Finance is a financing mechanism for the purchase or refinance of real estate, with...
- Maturity Date
Maturity Date is a last day, when the total principal balance of a mortgage deal, comes due....
- Maximum Financing
Maximum financing involves a loan amount that is within 5% of the highest loan-to-value ...
- Monthly Commitments
A loan commitment refers to a written document which states that a mortgage company ...
- Mortgage Calculator
Mortgage Calculator which is used for calculating borrower's mortgage payments. As we ...
- Mortgage Indemnity Guarantee
The Mortgage Indemnity Guarantee is a one ''off fee'' that a lender pays to an insurance ...
- Mortgage Interest Deduction
Mortgage Interest Deduction is a federal tax reduction to borrowers. This tax reduction is ...
- Mortgage-Backed Securities (MBS)
Mortgage Backed Securities are parcels of mortgage loans grouped by the Government ...
- Multifamily Mortgage
Multifamily mortgages are residential loans meant for properties that are occupied by more ...
- National Association of Realtors
The National Association of Realtors (NAR) was founded as the National Association of ...
- Net Effective Income
Net Effective Income is the borrower's gross income minus federal income tax. Net...
- No-Point Mortgage
No-Point Mortgage or a low-point loan is a type of mortgage which requires no points. It ...
- Non Performing Asset
Non Performing Asset is an asset that is not effectively producing income. It means an asset...
- Note Rate
Note Rate is the mortgage rate stated on a promissory note. It is also known as the Nominal ...
- Negative Amortization
Negative Amortization implies an increase in mortgage debt when monthly payments on a ...
- Net Cash Flow
Net Cash Flow is the monthly operating income that remains after deducting monthly housing...
- Net Closing Costs
Net Closing Costs is the total of all the closing costs quoted by a lender, minus any credit...
- No Equity Loan
No Equity Loan is a home equity loan program that allows a borrower to take out a loan up ...
- Non Assumption Clause
Non Assumption Clause is a clause stated in a mortgage contract, which does not allow for ...
- Non Liquid Assets
Non Liquid Assets refer to possessions that cannot be transformed easily into cash ...
- Notary Fee
Notary Fee is a fee charged by a licensed notary public to certify the signature on the loan ...
- Notice of Default
Notice of Default is a formal notice stating that a borrower has late payments or missed ...
- Open Mortgage
Open mortgage is a kind of home loan that allows a borrower to make a partial or full ...
- Option
Option is a provision in a contract that gives the option holder, the right and not the obligation ...
- Open-End Lease
Open-End Lease is a kind of rental agreement where the lessee is obligated to purchase ...
- Owner Financing
Owner financing or Carry Back Loan is a home-financing method in which the buyer borrows ...
- Offset Mortgage
An offset mortgage is a flexible mortgage which allows a borrower to keep balances such ....
- One Account Mortgage
One Account Mortgage is a type of mortgage which allows a borrower to put all his money ...
- One Year Adjustable
1 Year Adjustable Rate Mortgage (ARM) is a mortgage in which the initial interest rate ...
- Package mortgage
Package Mortgage is a mortgage agreement that provides home financing including ...
- Partial Entitlement
Partial Entitlement is the sum of money guaranteed under VA loan to an eligible veteran ...
- Percentage Point
Percentage points are utilized to describe the variation in interest rates or inflation rates ...
- Prepaids
Mortgage lenders often require you to make advance payments at the time of loan closing ...
- Principal
Principal is the original loan amount specified on your mortgage note. When you make the ...
- Private Mortgage Insurance
Private mortgage insurance (PMI) is an amount paid by a private insurance company to a ...
- Processing Fee
Processing fee is a kind of fee required to prepare a mortgage loan application and ...
- Promissory Note
A promissory note or a mortgage note is a legal document that states that a borrower ...
- Purchase Money Mortgage
Purchase money mortgage is a home financing technique by which a buyer borrows from ...
- Partial Payment
Partial Payment is a loan payment that is not enough to cover the scheduled monthly ...
- Participation Mortgage
Participation Mortgage is a type of mortgage, which is made by one or more lender. It ...
- Pension Mortgage
Pension Mortgage is a kind of interest only mortgage, which is backed by a pension plan. It...
- PITI
Pension Mortgage is a kind of interest only mortgage, which is backed by a pension plan. It ...
- Planned Unit Development
Planned Unit Development (PUD) refers to a type of residential, commercial or industrial ...
- Pledge Account Mortgage
A Pledge Account Mortgage allows you to use a savings account as the collateral for ...
- Portable Mortgage
Portable Mortgage is a type of mortgage, which can be transferred from one property ...
- Power of Attorney
Power of Attorney is a written legal document that allows a person to make legal decisions ...
- Pre-Foreclosure Sale
Your mortgage lender may choose to foreclose your property when you fail to pay your ...
- Pre-Qualification and Pre-Approval
Pre-Qualification - The prospective purchaser or builder normally obtains pre-qualification...
- Preferred Stocks
Preferred stocks entitles the shareowners to receive a fixed dividend, that are senior to ...
- Prepayment Penalty
Borrowers are often required to pay an amount of charge to the lender on account of ...
- Private Label MBS
Private Label Securities are those mortgage backed securities MBS which do not conform to ...
- Private Mortgage
Private Mortgage is a type of mortgage, which is granted by the private lenders. Features...
- Public Auction
Public auction is a gathering at a pre-announced location where the lender sells off the ...
- Purchase Agreement
Purchase Agreement refers to a legal document stating the terms and conditions under ...
what does pud stand for
Hi,
PUD stands for Planned Unit Development. It is a type of real estate project where an individual who lives and owns a unit or the whole building and the common spaces are shared by other members of the homeowner's association for the benefit of all owners.
James
PUD stands for Planned Unit Development. It is a type of real estate project where an individual who lives and owns a unit or the whole building and the common spaces are shared by other members of the homeowner's association for the benefit of all owners.
James
MEANING FOR PROBATE
What does PAR stand for?
what does poc appraisal mean?