A, b, c, d paper

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A, b, c, d paper

A, b, c, d paper

Mortage loans are rated as A, B, C, or D paper. "A" paper loans are the highest quality, lowest risk loans; "B" quality are loans where the borrower has minor credit problems; "C" quality are borrowers with marginal or poor credit; "D" quality indicates very high risk loans.

RELATED TERMS
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Paper
A mortgage, deed of trust or land contract which is given instead of cash.

Risk
The probability of getting your money back. High risk means low probability; low risk means high probability.

Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

Minor
A person under a legal age, usually under 18 years old.

Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.

SIMILAR TERMS
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Aylesbury Vale property
Property in Aylesbury Vale, Great Britain. Apartments, flats, houses, offices and other property in Aylesbury Vale.

ARM 3-1
A 3-1 ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first three years, and thereafter adjusts each year.

ARM 5-1
A 5-1 ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for five years, and thereafter has an adjustment interval of one year.

ARM 7-1
A 7-1 ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for seven years, and thereafter has an adjustment interval of one year.

ARM 7-1 (interest only)
A 7-1 interest-only ARM is an adjustable rate mortgage in which none of the payments go toward retiring principal for the first seven years.

A, b, c, d paper

Abandonment
The voluntary relinquishment of rights of ownership or another form of interest (an easement) by failure to use the property over an extended period of time.

Abatement
1) A reduction or decrease. 2) The removal of a nuisance.

Above building standard
Upgraded finishes and specialized designs necessary to accommodate a tenant's requirements.

Abr
The Accredited Buyer Representative designation indicates a real estate agent specializing in representing buyers in the real estate transaction.

Absentee landlord
An owner who does not reside in the place in which he owns real estate from which he derives rental income.

This dictionary contains 6433 terms.

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