home equity loan
81BanxQuote — Infobox Company company name = BanxQuote company company type = Private foundation = New York, New York (1984) location = White Plains, New York, USA key people = Norbert Mehl, Founder CEO industry = Banking Financial Services products = Money… …
82Moneylender — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Emplo …
83Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …
84Annual percentage rate — Parts of total cost and effective APR for a 12 month, 5% monthly interest, $100 loan paid off in equally sized monthly payments. The term annual percentage rate (APR), also called nominal APR, and the term effective APR, also called EAR,[1]… …
85Credit card debt — is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the… …
86Cash-Out Refinance — A mortgage refinancing transaction in which the new mortgage amount is greater than the existing mortgage amount, plus loan settlement costs. The purpose of a cash out refinance is to extract equity from the borrower s home. A cash out refinance… …
87mortgage — the transfer of right of ownership of a property from a debtor to a creditor as security for a debt, with the proviso that once the debt is paid ownership is transferred back. Glossary of Business Terms (1) noun A legal instrument that creates a… …
88Mortgage — A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments. The New York Times Financial Glossary * * * ▪ I. mortgage mort‧gage 1 [ˈmɔːgɪdʒ ǁ ˈmɔːr ] noun… …
89All-In-One Mortgage — A mortgage loan that combines the features of a checking account, a home equity loan and a mortgage in order allow depositors to reduce the amount of interest paid on their mortgages. Any deposits made into the savings account portion of the all… …
90Ditech — Ditech, based in Costa Mesa, California,[1] was a lender, offering mortgages and lines of credit as a member of Ally Financial, specifically GMAC ResCap (GMAC) which purchased Ditech from its private owner in 1999. The company s name is a… …
