loan payoff
1Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… …
2payoff letter — USA Letter agreement between a lender and a borrower providing that on satisfaction of certain conditions (usually payment of a specified amount on a specified date), the lender releases the borrower and any supporting guarantors from their… …
3Payoff Statement — A statement prepared by a lender showing the remaining terms on a mortgage or other loan. The payoff statement shows the remaining loan balance and number of payments and the rate of interest. It also states the amount of interest that will be… …
4Bridge loan — A bridge loan (also known in some applications as a swing loan) is a type of short term loan, typically taken out for a period of 2 weeks to 3 years [cite web| url=http://www.thisismoney.co.uk/help and advice/advice banks/article.html?in… …
5Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …
6Interest-only loan — An interest only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest only term the borrower may enter an interest only mortgage, pay …
7Accelerated Amortization — Extra payments made towards paying down a mortgage principal. With accelerated amortization, the loan borrower is allowed to add additional payments to their mortgage bill in order to pay off a mortgage before the loan settlement date. The… …
8Decorative Allowance — (or Decoration Allowance) is a real estate term seen in realtors marketing media (MLS, flyers, etc.) to inform buyers that the seller is willing to help contribute to a portion of the costs of renovation at closing or settlement. The allowance… …
9Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …
10Nationalisation of Northern Rock — People queuing at a branch of the Northern Rock bank in Brighton on 14 September 2007. In 2008 the Northern Rock bank was nationalised by the British Government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank… …
