Credit Report

Credit Report

Credit Report Information provided by a credit bureau that allows a lender or other business to examine your use of credit. It provides information on money that you’ve borrowed from credit institutions and your payment history.   Real estate words and definition...
Credit Life Insurance

Credit Life Insurance

Credit Life Insurance A type of insurance that pays off a specific amount of debt or a specified credit account if the borrower dies while the policy is in force.   Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
Credit History

Credit History

Credit History Information in the files of a credit bureau, primarily comprised of a list of individual consumer debts and a record of whether or not these debts were paid back on time or “as agreed.” Your credit history is called a credit report when provided by a...
Fixed-Rate Mortgage

Fixed-Rate Mortgage

Fixed-Rate Mortgage A mortgage with an interest rate that does not change during the entire term of the loan.   Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active...
Credit Bureau

Credit Bureau

Credit Bureau A company that gathers information on consumers who use credit. These companies sell that information to lenders and other businesses in the form of a credit report.   Real estate words and definition CLICK THIS BUTTON For other words and...
Credit

Credit

Credit The ability of a person to borrow money, or buy goods by paying over time. Credit is extended based on a lender’s opinion of the person’s financial situation and reliability, among other factors.   Real estate words and definition CLICK THIS BUTTON For...