LISTING INFO
Fannie Mae-Seller/Servicer
Fannie Mae-Seller/Servicer A lender that Fannie Mae has approved to sell loans to it and to service loans on Fannie Mae’s behalf. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Fannie Mae
Fannie Mae A New York stock exchange company. It is a public company that operates under a federal charter and is the nation’s largest source of financing for home mortgages. Fannie Mae does not lend money directly to consumers, but instead works to ensure that mortgage funds are available and...
Interest Rate Ceiling
Interest Rate Ceiling For an adjustable-rate mortgage (ARM), the maximum interest rate, as specified in the mortgage note. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Fair Market Value
Fair Market Value The price at which property would be transferred between a willing buyer and willing seller, each of whom has a reasonable knowledge of all pertinent facts and is not under any compulsion to buy or sell. Real estate words and definition For other words and definitions...
Interest Rate Cap
Interest Rate Cap For an adjustablerate mortgage (ARM), a limitation on the amount the interest rate can change per adjustment or over the lifetime of the loan, as stated in the note. For other words and definitions related to real estate auctions For all active auctions, and properties for...
Interest Accrual Rate
Interest Accrual Rate The percentage rate at which interest accumulates or increases on a mortgage loan. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail:...
Fair Credit Reporting Act (FCRA)
Fair Credit Reporting Act (FCRA) Aconsumer protection law that imposes obligations on (1) credit bureaus (and similar agencies) that maintain consumer credit histories, (2) lenders and other businesses that buy reports from credit bureaus, and (3) parties who furnish consumer information to credit...
Interest
Interest The cost you pay to borrow money. It is the payment you make to a lender for the money it has loaned to you. Interest is usually expressed as a percentage of the amount borrowed. Real estate words and definition For other words and definitions related to real estate auctions For all...
Installment Debt
Installment Debt A loan that is repaid in accordance with a schedule of payments for a specified term (such as an automobile loan). Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Installment
Installment The regular periodic payment that a borrower agrees to make to a lender. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail: 411@myersjackson.com Phone:...
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Chattel-Personal Property-Business Property-Equipment
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