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mattynra
0.01
· 100
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leoglossary
0.62
2 years ago
LeoGlossary: Credit Rating
How to get a Hive Account Credit rating is a quantifying of a government, or company's creditworthiness. This is meant to provide an as...
leoglossary
0.62
2 years ago
LeoGlossary: Moral Hazard
How to get a Hive Account A situation where an entity has incentive to take on more risk since the financial institution will not bear t...
leoglossary
0.62
3 years ago
Leoglossary: Credit History
How to get a Hive Account It is a type of financial report detailing how well (or poorly) you manage credit and debt in your name, rathe...
leoglossary
0.62
3 years ago
LeoGlossary: Wage Assignment
How to get a Hive Account A loan agreement provision allowing the lender to deduct payments from an employee's wages in case of default....
leoglossary
0.62
3 years ago
LeoGlossary: Mortgage Life Insurance
How to get a Hive Account As the name implies, mortgage life insurance is a policy that pays off the balance of your mortgage should you...
leoglossary
0.62
3 years ago
LeoGlossary: Assignment (Insurance)
How to get a Hive Account Transferring benefits of a life insurance policy to another person or financial institution as collateral for ...
leoglossary
0.62
3 years ago
LeoGlossary: Variable Interest Rate
How to get a Hive Account Also called adjustable or floating rate. A loan with a variable interest rate will see it fluctuate over time ...
leoglossary
0.62
3 years ago
LeoGlossary: Creditor
How to get a Hive Account An individual or institution that lends money, ie extends credit, to another. The person who is taking the mo...
leoglossary
0.62
3 years ago
LeoGlossary: Credit Institution
Any financial institution that is either: an undertaking whose business is to receive deposits or other repayable funds from the public ...
leoglossary
0.62
3 years ago
LeoGlossary: Commercial Bank
A financial institution that provides a number of services. It will: accept deposits provide checking and savings accounts make loans o...
leoglossary
0.62
3 years ago
LeoGlossary: Closing a Mortgage Loan
The consummation of a contractual real estate transaction in which all appropriate documents are signed and the proceeds of the mortgage ...
leoglossary
0.62
3 years ago
LeoGlossary: Collection Agency
A company hired by a creditor to collect a debt that is owed. Creditors typically hire a collection agency only after they have made effo...
leoglossary
0.62
3 years ago
LeoGlossary: Cosigner
An individual who signs the note of another person as support for the credit of the primary signer and who becomes responsible for the ob...
leoglossary
0.62
3 years ago
LeoGlossary: Credit Application
A form to be completed by an applicant for a credit account, giving sufficient details (residence, employment, income, and existing debt)...
leoglossary
0.62
3 years ago
LeoGlossary: Credit Reporting Agency
An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. ...
leoglossary
0.62
3 years ago
LeoGlossary: Loan Contract
The written agreement between a borrower and a lender in which the terms and conditions of the loan are set. BankGlossary LeoGlossary Ma...
leoglossary
0.62
3 years ago
LeoGlossary: Mortgagee
The lender in a mortgage loan relationship. BankGlossary LeoGlossary Main Menu Posted Using LeoFinance Beta
leoglossary
0.62
3 years ago
LeoGlossary: Loan Modification Provision
A contractual agreement in a loan that allows a borrower or lender to make permanent changes to the original contract. This is also know...
leoglossary
0.62
3 years ago
LeoGlossary: Lender
How to get a Hive Account A lender is an individual, group, or institution that lends money to borrowers. This can be done for various ...
leoglossary
0.62
3 years ago
LeoGlossary: Debt-to-Income Ratio
How to get a Hive Account A calculation used by lenders to determine the viability of a borrower when issuing a loan. This is how they ...
leoglossary
0.62
3 years ago
LoeGlossary: Real Estate-Owned (REO)
A property owned by the lender because it did'st sell at a foreclosure sale. Back to list of real estate terms LeoGlossary Main Menu Po...
leoglossary
0.62
3 years ago
LeoGlossary: Down Payment
The amount of money the buyer has to put up, in cash, as part of the real estate transaction. This will usually be a percentage of the t...
leoglossary
0.62
3 years ago
LeoGlossary: Private Mortgage Insurance (PMI)
A type of insurance that might be required when taking out a conventional real estate loan. This is done in an effort to protect the len...
leoglossary
0.62
3 years ago
LeoGlossary: Short Sale
A real estate transaction that takes place between a distressed seller and the lender. In this situation, the mortgage is more than the ...
leoglossary
0.62
3 years ago
LeoGlossary: Foreclosure
How to get a Hive Account The legal process whereby the holder of a mortgage tries to reacquire the property for failure to make payment...
leoglossary
0.62
3 years ago
LeoGlossary: Loans
How to get a Hive Account A credit instrument in which money is lent from one party to another in return for a stream of payments that i...
mattynra
25.59
6 years ago
Partiko
The Borrower Is A Slave To The Lender
I’ve given a lot of financial advice over the years. The most important thing I’ve ever told anyone is to pay off their debts! Nothing ki...