Waivio

lender

Experts

leoglossary

0.62

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LeoGlossary: Mortgagee

The lender in a mortgage loan relationship. BankGlossary LeoGlossary Main Menu Posted Using LeoFinance Beta

leoglossary

0.62

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

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

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

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

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

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

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

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

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
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...