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Front-end zero
Front-end zero Under a conventional loan, a borrower may elect to finance all of the mortgage insurance premium, thus incurring no cash obligation for this charge at closing.
RELATED TERMS--------------------------------------
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
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.
Mortgage
A legal document pledging property as security for the payment of a loan.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Premium
An amount paid on a regular schedule by a policyholder that maintains insurance coverage.
Closing
A period of time, usually less than seven days, after a registration statement is effective and the offering commences, giving the underwriters time to receive payment for the securities
SIMILAR TERMS--------------------------------------
Front Desk
Office of the motel, may be in the lobby. This is where clients check in.
Front footage
The linear measurement along the front of a parcel.
Front-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Front-end ratio
The ratio of monthly housing cost (PITI) to gross monthly income.
Frontage
The portion of property that borders a roadway or body of water.
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Front Desk
Office of the motel, may be in the lobby. This is where clients check in.
Front footage
The linear measurement along the front of a parcel.
Frontage
The portion of property that borders a roadway or body of water.
Front-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Front-end ratio
The ratio of monthly housing cost (PITI) to gross monthly income.
Front-end zero
Fructus industriales
Corn, wheat and other crops that are produced annually by labor and industry, and not spontaneously. They are referred to in Latin as "fructus industriales."
FSBO (for sale by owner)
A home that is being sold by the owner of the property without the representation of a broker.
FSLIC
Federal Savings and Loan Insurance Corp, a federal institution that insures deposits of federally chartered savings and loan associations.
Full disclosure
Revealing all known facts which may affect the decision of a buyer or tenant.
Full market value
In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value.
This dictionary contains 6433 terms. |
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